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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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maxonik [38]

Answer: The earliest the funds could be disbursed would be Wednesday the 6th.

Explanation:

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8 0
3 years ago
Which financial statement shows a company's profits or losses over a period of time?
fomenos

The Profit and Loss Statement.

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6 0
3 years ago
The formula for calculating the present value factor for an annuity of $1 is a. Amount to Be Invested/Equal Annual Net Cash Flow
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Answer:

a. Amount to Be Invested/Equal Annual Net Cash Flows

Explanation:

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4 0
3 years ago
Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials
Luda [366]

Firms do create goods. Categories of manufacturing costs include direct labor, direct materials and manufacturing overhead.

<h3>What are manufacturing costs?</h3>

Manufacturing costs is grouped into materials, labor, and overhead. They are kinds of  direct costs.

Manufacturing cost is known to be the amount of costs of all resources taken into the process of creating a product. The manufacturing cost is grouped into three categories called: direct materials cost, direct labor cost and manufacturing overhead.

Learn more about manufacturing costs  from

brainly.com/question/13767214

4 0
2 years ago
China had a $214 billion overall current account surplus in 2012. Assuming that China’s net debt forgiveness was zero in 2012 (i
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Answer:

The correct asnwer is $-214 billion.

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A surplus occurs when an account exceeds the credit after having paid all its debts and obligations.

As the example says, assuming that China’s net debt forgiveness was zero in 2012, then the net balance of China's financial account balance would be -214 billion.

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4 0
3 years ago
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