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tiny-mole [99]
3 years ago
13

Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0 percent. What amou

nt of Cost of Goods Sold did the company report?
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

COGS= $67,200

Explanation:

Giving the following information:

Your campus computer store reported:

Sales Revenue of $168,000.

The company's gross profit percentage was 60%.

Gross profit= sales revenue - cost of goods sold

sales= 168,000

COGS=?

gross profit= 168,000*0.6= 100,800

COGS= 168,000 - 100,800= $67,200

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Answer:

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Explanation:

With regards to the above, the amount of total assets is the addition of current assets + Fixed assets.

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8 0
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A company received a bank statement showing a balance of $78,000. Reconciling items included outstanding checks of $2,400 and a
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Answer:

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3 0
3 years ago
The company that Don owns, the Ardmore General Store, is a family-owned company that has been in business for more than 100 year
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