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
Dana is watching television when a commercial for a brand of bathroom cleaner comes on. She is not very interested in the produc
Len [333]

Answer:

Peripheral route.

Explanation:

The peripheral route to persuasion occurs when the listener decides whether to agree with the message based on other cues besides the strength of the arguments or ideas in the message.

8 0
3 years ago
Teel Printing uses two measures of activity, press runs, and book set-ups, in the cost formulas in its budgets and performance r
hoa [83]

Answer:

Spending variance                              $100 unfavorable

Explanation:

The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity

                                                                                                    $

Standard cost allowed for the actual activity

=7,850 + (402×203) + (952×112)=                                          196,080

Actual cost                                                                                <u>196,180</u>

Spending variance                                                                       <u> 100</u> unfavorable

6 0
3 years ago
The graph shows excess demand. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with posi
Tema [17]

Answer:

The price of goods needs to be increased.

Explanation:

Excess demand occurs when the quantity demanded is higher than the quantity supplied. This happens when the price of the good is lower than the equilibrium price. This can happen naturally in the market, or can happen if the government imposes a binding price floor.

The best way to solve excess demand is to raise the price, in order to reach equilibrium. Once in equilibrium, the price will coordinate the quantity supplied and the quantity demanded so that they're roughly equal.

7 0
3 years ago
Read 2 more answers
Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or
SSSSS [86.1K]

The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

<h3>What is the cost?</h3>

A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.

Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.

Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.

Check out the link below to learn more about costs;

brainly.com/question/28343978

#SPJ4

6 0
1 year ago
A company's common stock shares are expected to bring a 13 % return to their investors in case of "recession" state of the econo
Ludmilka [50]

Answer:

The expected rate of return is 8.65%

Explanation:

The expected return on a stock can be calculated by multiplying the return in each scenario by the probability of that scenario. This will provide the expected value of the return based on all these scenarios. Thus, the rate of return is,

Rate of return = rA * pA + rB * pB + rC * pC

Where,

  • r represents the return in each scenario
  • p represents the probability of each scenario

The probability of normal state is = 1 - 0.45 - 0.05  =  0.5

Rate of return = 0.13 * 0.45 + 0.06 * 0.5  + (-0.04) * 0.05

Rate of return = 0.0865 or 8.65%

3 0
3 years ago
Other questions:
  • Assume the economy is on aggregate demand AD1. The Fed should attempt to raise investment by enough to shift aggregate demand fr
    15·1 answer
  • Economic systems seek to answer what key economic questions Select all that apply. How should goods and services be produced? Wh
    13·1 answer
  • Using a combination approach of your own words and research to define a project. What are five characteristics which help differ
    13·1 answer
  • This year Jack intends to file a married-joint return. Jack received $178,800 of salary, and paid $7,050 of interest on loans us
    10·1 answer
  • Which of the following groups of accounts have a normal debit balance
    6·1 answer
  • 2. What do you think would be the most challenging part of working in advertising? Explain.
    14·2 answers
  • A local government awards a landscaping company a contract worth $1.5 million per year for five years for maintaining public par
    7·1 answer
  • You purchase a call option on pounds for a premium of $.03 per unit, with an exercise price of $1.64; the option will not be exe
    5·1 answer
  • A tour company is planning a bus trip to a local museum. The company will lease a bus from a local bus owner for $400 and estima
    10·1 answer
  • Bonnie is writing a growth plan for her bicycle repair shop. She wants to pay off the loan for the building she uses for her bus
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!