In the Stats Overview section of the WooCommerce Home Screen, what is the formula for calculating "Net Sales"? Choose one:Question 3Select one:a.Total Sales – Shippingb. Gross Sales – Returns – Coupons + Taxes + Shippingc.Gross Sales + Taxes – Returnsd.Gross Sales – Returns – Coupons

36.  Given the following data:  Sales of P974,250; Sales returns and allowances of P12,750; Sales discount of P8,050; Purchases of P528,700; Purchase returns and allowances of P7,450; Purchase discount of P3,550; Freight-in of P7,400; Selling expense of P120,125; and General and Administrative expense of P95,300.  Compute for the Net sales.*a. P535,100b. P591,600c. P953,430d.P546,100

To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract

What does the amount represent when calculating the sales tax?

How is the cost of goods sold calculated?(5 Points)Beginning inventory + Net purchases - Ending inventoryNet sales - Gross profitBeginning inventory - Net purchases + Ending inventoryNet sales - Gross profit percentage

Gross profit is:Group of answer choicesthe amount left over after cost of goods sold is subtracted from net salesnet sales less selling expensessales less sales discountsnet sales less operating expenses