Cost of goods sold percentage

Assignment Help Financial Accounting

Reference no: EM13925581

McKinnon reports in its 2011 annual report 10-K, sales of $2,045 million and cost of goods sold of $818 million. For next year, you project that sales will grow by 5% and that cost of goods sold percentage will be 2 percentage points higher. Projected cost of goods sold for 2014 will be:

a) 859 million

b) $861 million

c) There's not enough info to determine amount

d) 902 million

e) 834 million

Reference no: EM13925581

Questions Cloud

Types of business intelligence : 1. In what ways do ERP and SCM software complement each other, and why should they be integrated? 2. What are the three types of business intelligence's and how can they affect decisions.

Why do companies estimate warranty expense : Why do companies estimate warranty expense and record the expense before the repairs are actually made?

What is the research hypothesis : A professor has been teaching statistics for many years. His records show that the overall mean for final exam scores is 85 with a standard deviation of 10. He believes that this year's class is superb to the previous classes. The mean for the 40 ..

What would motivate the students to work much : Without more workers (there's a hiring freeze) and without forklifts, all of the metal has to be loaded by hand by these six workers in 2 weeks. But how do you do that? What would motivate the students to work much, much harder than they have all ..

Cost of goods sold percentage : McKinnon reports in its 2011 annual report 10-K, sales of $2,045 million and cost of goods sold of $818 million. For next year, you project that sales will grow by 5% and that cost of goods sold percentage will be 2 percentage points higher.

Pros and cons of out-of-band network management : Write a 2- to 3-page paper describing the pros and cons of out-of-band network management as opposed to in-band network management.

Define the constructs and determination to operationalize : Define the constructs you will measure and what you will do in order to determine how to operationalize them.

Posey company started operations : Posey Company started operations by acquiring $89,000 cash from the issue of common stock. On January 1, 2014, the company purchased equipment that cost $79,000 cash.

Team business continuity plan : Continue working on the Business Continuity Plan for Riordan Manufacturing due in Week Five. Conduct an Internet search for examples of continuity plans.

User Account

All Pages