Weston Jewelers uses the perpetual inventory system. On April​ 2, Weston sold merchandise with a cost of $ 8059 for $ 14103 to a customer on account with the terms 3​/15, ​n/30. Weston paid $ 25 for delivery of the merchandise. Calculate the amount of net sales revenue.​ (Round any intermediary calculations and your final answer to the nearest​ dollar.)

Answer 1

To calculate the net sales revenue for Weston Jewelers, we need to account for the sales amount, any discounts provided (if applicable), and any returns or allowances (if applicable). In this case, we will also consider delivery costs.

Here’s how to calculate the net sales revenue step-by-step:

1. Sales Revenue: The amount Weston sold the merchandise for is $14,103.

2. Sales Discount: The terms of the sale are 3/15, n/30, which means the customer can take a 3% discount if they pay within 15 days.

   However, since we are calculating the net sales revenue as of the time of sale and the payment period is not yet over, we do not deduct the sales discount yet. This is because the discount is only considered if the customer pays within the discount period.

3. Net Sales Revenue: Since we assume no returns or allowances, the net sales revenue before any discounts are taken into account is simply the sales revenue.

   \[ \text{Net Sales Revenue} = \text{Sales Revenue} \]

   \[ \text{Net Sales Revenue} = 14,103 \]

4. Delivery Costs: The $25 paid for delivery does not affect the calculation of net sales revenue. It is an expense and would appear on the income statement separately, but does not reduce the sales revenue.

Thus, the amount of net sales revenue remains $14,103, rounded to the nearest dollar.

Final Answer: $14,103