The Dimitros Company records the following transactions during September 2018: Cash sales to customers totaling $5,800.
Sales to customers on credit cards totaling $18,800. The average credit card fee is 3.0%.
A $2,000 sale on account to a long-time customer with the terms 2/10, n/30. The sale is made on September 5. The customer pays the invoice on September 14.
A customer returns product they had purchased last month for $500. Dimitros accepts the return and gives the customer a cash refund.
Calculate the following amounts:
Service charge expense for credit card sales
Sales discount for sales on account
Sales returns
Gross sales revenue
Net sales revenue
Net cash collected from sales

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?