Gross Profit for 2005
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Consider the following condensed Income Statement:
2004
Sales $8,000,000
COGS 6,500,000
Gross Profit 1,500,000
Sales growth in 2005 is expected to be 15%
If COGS is assumed to vary directly with sales, then Gross Profit for 2005 will be:
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Response helps in calculating Gross Profit for 2005
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Consider the following condensed Income Statement:
2004
Sales $8,000,000 ...
Purchase this Solution
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