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Calculate the Cash discount dollar value from the figures listed below: Opening inventory $77,500 Gross sales $258,000 Advertising $32,000 Miscellaneous expenses $25,000 Purchases at cost
Calculate the Cash discount dollar value from the figures listed below:
Opening inventory $77,500
Gross sales $258,000
Advertising $32,000
Miscellaneous expenses $25,000
Purchases at cost $133,200
Closing inventory $82,000
Customer returns $35,300
Salaries $27,000
Transportation charges $11,500
Rent $41,800
Cash discounts 4%
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