Use the following information to calculate net sales: Gross ...

[laurencescou]

Use the following information to calculate net sales: Gross Sales, 350,000; Sales Returns and Allowances, 22,800; Sales Discounts, 45,700; Merchandise Inventory, January 1, 2012, 77,100; Merchandise Inventory, December 31, 2012, 62,900; Net Purchases, 99,200; Freight In, 1,700; Salaries, 71,800; Rent, 26,600; Utilities, 1,225; Insurance, 3,195; and Income Tax, 15,900

Question 2

Solve the problem, rounding final decimals and percents to tenths if necessary. What is the rate of change if your salary increases from 23,500 to 24,500?

[jazzlynnnnn]

Answer to Question 1

281,500

Answer to Question 2

4.3