Gross sales is the most important sales value to the retailer, ...

[Beheh]

Gross sales is the most important sales value to the retailer, and it is used as a basis to compare other components on the profit and loss statement.
 
  a. True
   b. False

Question 2

If a vendor offers 12 of purchases to cover advertising expenses and the buyer purchases 120,000, what is the advertising allowance?
 
  a. 1,200
  b. 1,440
  c. 14,400
  d. 140,000
  e. None of the above

[firehawk60]

Answer to Question 1

b

Answer to Question 2

c

[Beheh]

Thanks for the timely response, appreciate it

[patma1981]

Wow, this really help