2.Jane's April 1 inventory had a cost of $48,000 and a retail value of $70,000. During April, net purchases cost $210,000 with a retail value of $390,000. Net sales at retail for Jane for April were $280,000. Calculate the cost of ending inventory using the retail inventory method.
(Round to the nearest hundredth percent.)

3. Use the below information to calculate the (a) net sales, (b) gross profit, (c) total operating expenses, and (d) net income.
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

3. Over the pasi month 900 trucks did were Joe sold sell? Abe sold 4 times as many as Joe. How many trucks did Abe sell. and now many trucks?

5. Find the amount of (a) net price and (b) trade discount using the following information:
Stove List             $1,400
Chain discount    13/10/4

7. Mobilee Oil Company accepted a $10,000, 120-day note dated March 3 at 81/2% to settle a past-due account receivable. Mobilee Oil discounted the note to raise cash on May 10 at a discounted rate of 9%. What proceeds did Mobilee Oil receive? Use ordinary interest.

2.Jane's April 1 inventory had a cost of $48,000 and a retail value...