Bundle: Essentials of Business Communication, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
Bundle: Essentials of Business Communication, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337736312
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Chapter 10, Problem 15CT
Summary Introduction

To think critically about:

Whether the information obtained on the web as reliable as the information obtained from other traditional sources such as journals, newspapers, and magazines.

Introduction:

Report writers and researchers use secondary sources to obtain information when writing. When using secondary sources, the writer should be mindful to select reliable sources.

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Gentry Co. reported total gross sales of $320,000, with 60% of these being credit sales. Sales returns and allowances of $18,000 apply only to the credit sales. A 1.5% sales discount was taken on all net credit sales. Additionally, credit card sales amounted to $110,000 and were subject to a 2.5% credit card fee. What is the dollar amount of net sales?
Alicia Industries has a net income of $89,000 and total assets of 445,000. What is the return on assets? A) 18% B) 20% C) 21.2% D) 15%
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