Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
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:https://brainly.com/question/27917613
#SPJ1
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
