Given the following data for Yazici Batteries, Inc. for the month:\(\begin{align*}\)\(\text{Total Sales}\) &= \$50,000 \(\text{Sales Returns and Allowances}\) &= \$2,000 \(\text{Sales Discounts}\) &= \$1,000\(\end{align*}\)What is the net sales for the month?

• A. \$49,000
• B. \$50,000
• C. \$48,000
• D. \$47,000

Answer: (D)

Verified step by step guidance

1. Step 1: Understand the concept of net sales. Net sales is calculated by subtracting Sales Returns and Allowances and Sales Discounts from Total Sales. This formula is: \( \text{Net Sales} = \text{Total Sales} - \text{Sales Returns and Allowances} - \text{Sales Discounts} \).
2. Step 2: Identify the values provided in the problem. \( \text{Total Sales} = \$50,000 \), \( \text{Sales Returns and Allowances} = \$2,000 \), and \( \text{Sales Discounts} = \$1,000 \).
3. Step 3: Substitute the values into the formula. The equation becomes: \( \text{Net Sales} = \$50,000 - \$2,000 - \$1,000 \).
4. Step 4: Perform the subtraction step-by-step. First, subtract \( \$2,000 \) from \( \$50,000 \), then subtract \( \$1,000 \) from the result.
5. Step 5: The final result after performing the subtraction will give you the net sales for the month. Compare this result to the options provided to identify the correct answer.