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Author Question: Find the entry you would make on an income statement for TOTAL OPERATING EXPENSES for the year ended ... (Read 70 times)

mwit1967

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on: Jun 24, 2018
Find the entry you would make on an income statement for TOTAL OPERATING EXPENSES for the year ended December 31, 2007: Gross Sales, 161,000; Sales Returns and Allowances, 9,600; Sales Discounts, 11,600; Merchandise Inventory, January 1, 2011, 52,500; Merchandise Inventory, December 31, 2011, 62,500; Net Purchases, 82,300; Freight In, 3,000; Salaries, 94,700; Rent, 29,800; Utilities, 2,245; Insurance, 3,250; and Income Tax, 19,600.
 A) 129,995
  B) 102,875
  C) 127,750
  D) 149,595

Question 2

Solve the problem, rounding final decimals and percents to tenths if necessary. If a number increases from 28 to 46, what is the rate of increase?


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chloejackso

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

64.3


mwit1967

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Reply #2 on: Jun 24, 2018
Thank you :)


chloejackso

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Reply #3 on: Jun 24, 2018
Happy to help you


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