Answer:
$477,000
Explanation:
Computation of the company's net revenues for the year
Using this formula
Net revenues= Total sales - sales discounts- sales return- allowances
Where,
Total sales =$550,000
Sales discounts$12,000
Sales return=$44,000
Allowances=$17,000
Let plug in the formula
Net revenue =$550,000-$12,000-$44,000-$17,000
Net revenue =$477,000
Therefore the Net revenue will be $477,000
