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Calculate the store total operating expenses

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Reference no: EM132979634

One store's information is listed in the table below:

Sales Returns $700

Rent Expense $1,288

Sales Discounts $950

Depreciation Expense $600

Cost of Merchandise Sold $7,600

Gross Sales $20,900

Advertising Expense $1,650

Salary Expense $2,900

Heat Expense $900

Problem 1: Using this information calculate the store's

a. Net sales

b. Gross Profit

c. Total operating expenses

d. Net income

Reference no: EM132979634

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