answer 31-39

Use the following to answer questions 31 - 33 You want a new car, At the dealership, you find a car that you like. The dealership gives you two payment options: 1. Pay $23,000 in cash for the car today...OR 2. Pay $370.41 at the end of each month for six years at 5% (0.41667% monthly for 72n). How much CASH (in total) will you end up paying if you choose to make monthly payments for the car? 31. 32 $ How much interest in total) will you pay if you choose to make payments instead of paying cash for the car today? 33. $ places)? How much interest has accrued by the time the first car payment is due (round to two decimal Use the following to answer questions 34 - 39 (REVIEW) TR reports the following income statement results: Sales Operating expense Net income Sales returns & allowances Gross profit Interest revenue $700,000 201,200 57,750 12,500 266,750 18,000 34. $ Calculate Net sales: 35. S Calculate Cost of Goods Sold 36. S Calculate operating income 37. S Calculate Income before Income tax (IBT) 38 % Calculate the gross profit margin (one decimal place) 39. % Calculate the net profit margin (one decimal place)