On April 26, Kindler Welding Corp purchased 8,640 worth of welding supplies from a wholesaler that offered terms of 1.75/7, net 30 . The discount applies to any amount paid within the discount period. What is the unpaid balance if Kindler paid 6,00 . on May 1? (This problem involves the partial payment of an invoice within the discount period.)
Question 2
Warm Winters Linen, Inc had net sales of 350,00 . and net income of 30,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer accurate to two decimal places.)