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April 18, 2014

Homework Help: business and finance

Posted by maria on Monday, August 13, 2012 at 12:42pm.

Use this information to calculate the following:
Sales returns $ 700
Rent expense 1,288
Sales discounts 950
Depreciation expense 600
Cost of merchandise sold 7,600
Gross sales 20,900
Advertising expense 1,650
Salary expense 2,900
Heat expense 900

A. Net sales
B. Gross profit
C. Total operating expenses
D. Net Income


A. 7,600
B. 20,900
C. 7338.00
D. ?

Please help

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