1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melisa1 [442]
2 years ago
5

Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions

Business
1 answer:
AleksAgata [21]2 years ago
3 0

The cost of goods sold based on the sales revenue in 2019 is $32,400

What is the cost of goods sold?

The cost of goods sold is the cost of the goods sold in a particular year, it is determine as the sales revenue minus the gross margin in dollar terms.

We need to first of all determine the sales revenue in 2019 based on 2018 sales revenue and the 2019 growth rate of 8%

2019 sales revenue=50,000*(1+8%)

2019 sales revenue=$54,000

Now the gross margin is 40% of sales revenue

cost of goods sold=sales revenue-gross margin

cost of goods sold=$54,000-(40%*$54,000)

cost of goods sold=$32,400

Find out more about cost of goods sold:brainly.com/question/27917613

#SPJ1

You might be interested in
A competitive market economy with low barriers to entry affords an entrepreneur with:.
nalin [4]

A competitive market economy with low barriers to entry affords an entrepreneur with

the opportunity to bring new and different products and services to the market.

5 0
2 years ago
Harvest master, a maker of farm equipment based in nebraska, is planning to send a u.s. marketing manager to lead a product laun
joja [24]

<span>The options attached to the question above are given below:</span>

<span>A. </span>The culture of the host country is likely to be much more individualistic than U.S. culture is.

 B. The manager will have greater difficulty finding educated workers in the host country than in the United States.

 C. The manager may not be familiar with the host country’s language.

D. The host country will likely tax a larger percentage of the manager’s income than the United States would.

E. The host country will likely have few protections for its workers.

ANSWER

The correct option is D.

A socialist system is a type of economic system in which the factors of production are jointly owned by all the citizens and production affair is regulated by the government. Such a country does not encourage individuals to operate personal business. Thus, such a country will lay high tax on the income of the manager in order to discourage him from selling his machine in their country.

8 0
3 years ago
What is the purpose of a Quality Rating and Improvement System (QRIS) in the child care?
larisa86 [58]

THE CORRECT ANSWER IS D!


7 0
2 years ago
A company using the perpetual inventory method paid $200 cash to have goods delivered from one of its suppliers. The payment of
Montano1993 [528]

Answer:

An asset exchange transaction which increases the cost of the purchased merchandise.

The firm gives the transportation company money (which is an asset) and since the transportation costs are included in the cost of the merchandise, the firm is paying a fraction of the cost of the asset.

When you are calculating the purchase cost of goods you must include the price of the goods, transportation costs, and any other associated expense like insurance costs and import fees, etc.

Transportation costs are only included in the COGS when the firm acquires the goods, but when the firm sells the goods, any distribution cost is not included under production costs, instead they are included under the sales costs.

5 0
3 years ago
1.
ElenaW [278]

Every Credit user is entitled to a free credit report every 12 months (1 years) from either of Equifax, Experian, or TransUnion.

<h3>What are credit reporting agency?</h3>

These are agency that maintains only an historical credit information on individuals and businesses.

The maintained historical credit information helps in preparation of the credit report and score of all individuals and businesses in United states..

In U.S., the three main credit reporting bureaus includes the Equifax, Experian and TransUnion.

Read more about credit reporting agency

<em>brainly.com/question/9913263</em>

7 0
2 years ago
Other questions:
  • The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is:
    6·1 answer
  • Which of the following statements best represents the reason for the accounting equation?
    11·1 answer
  • The main disadvantage of a monetary union is the loss of national monetary and exchange rate policy independence. lessened polit
    9·1 answer
  • Bethany Walsh is a business manager at Dixon Productions. Although she does not have a background in technology, her job require
    11·2 answers
  • U.S. car dealers sell both used cars and new cars each year. However, only the sales of the new cars count toward GDP. Why does
    15·1 answer
  • Saving some private time for yourself and learning to pigeon hole problems are two examples of
    15·2 answers
  • Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal invests $5,000 at 7 percent at age 30. Both investments
    8·1 answer
  • Business Question! Just the first problem please, thank you
    12·2 answers
  • As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
    12·1 answer
  • Read the attached file
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!