Heller company offers an unconditional return policy to its customers. during the current period, the company records total sales of $850,000, with a cost of merchandise to heller of $340,000. based on past experience, heller company expects 4% of sales to be returned. how much gross profit will heller company recognize for the current period? select one: a. $510,000 b. $489,600 c. $816,000 d. $850,000 e. $360,400

B. $489,600

Explanation:

The computation of thee gross profit is shown below:

= Net sales - Net cost of goods sold

where,

Net sales = Total sales - sales return

                = $850,000 - $34,000

                = $816,000

Net cost of goods sold = Cost of goods sold - merchandise return

                                      = $340,000 - $13,600

                                      = $326,400

Now put these values to the above formula

So, the value would be equal to

= $816,000 - $326,400

= $489,600

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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