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
Answer:
Answer is on the chegg link i provided
Explanation:
https://www.chegg.com/homework-help/john-roberts-55-years-old-asked-accept-early-retirement-comp-chapter-6-problem-9p-solution-9780078025327-exc
This is a False Statement.
Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.
Specifically, management accounting aims to
- provide Information for internal Organisation managers
- providing details to governmental regulating bodies
- Information for shareholders, the accounts payable department, and other parties outside the company
- information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.
To Learn more about Management Accounting, Click the links.
brainly.com/question/21597572
brainly.com/question/18414655
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Answer:
d
Explanation:
i just took the test my gee
Answer:
With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.
Explanation:
It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%
