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What will be the amount of net sales for the first quarter

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For the first quarter, The buenaflor corporation has sales of 2,875,000 and cost of goods amounting to 980,500. The expenses are as follows: salaries and wages 650,870, rent 240,000, light and water bills 118,785.50, miscellaneous expenses 47,675.50. Unfortunately, there were defective merchandise sold and an amount of 55,870 was refunded.

Problem 1: What will be the amount of net sales for the first quarter?

Problem 2: the amount of gross profit for the first quarter?

Problem 3: the company first quarter net profit?

Reference no: EM132674773

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