Determining the selling-administrative

Assignment Help Business Economics
Reference no: EM131950731

Consider the following incomplete income statement:

2013 Income Statement Sales $2,607,300.00 COGS 40.00% of sales Gross Profit Margin 60.00% of sales Selling & Administrative $786,600.00 Depreciation & Amortization Operating Profit Margin 12.00%

What is the cost of goods sold for 2013?

Answer Format: Currency: Round to: 2 decimal places

Reference no: EM131950731

Questions Cloud

Relative volatility and absolute volatility in option : What is different between relative volatility and absolute volatility in option?
Presents a legal and ethical issue of a business situation : A description of a business situation that presents a legal and ethical issue. The business situation must be from prior, current, or anticipated future.
How much would it be willing to lend business owner : If the bank is charging customers 8.25 percent APR, how much would it be willing to lend the business owner?
Step process using both a financial calculator : What is the step by step process using both a financial calculator (inputting N, I/Y, PV, PMT, FV) and using a formula?
Determining the selling-administrative : 2013 Income Statement Sales $2,607,300.00 COGS 40.00% of sales Gross Profit Margin 60.00% of sales Selling & Administrative $786,600.00
Make a determination about the state of the economy : Make a determination about the state of the economy, whether the U.S is in a recession, expansion or macroeconomic equilibrium.
Decided to pay off loan by repaying outstanding balance : You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios
Create brand awareness and value in the marketplace : How does a company use marketing tools and techniques to create brand awareness and value in the marketplace
Discuss the business requirement for UVW : MN502 Overview of Network Security Assessment - Analysis of network security tools. Discuss the business requirement for UVW in terms of their security

Reviews

Write a Review

Business Economics Questions & Answers

  Imposition of a price ceiling on the market for milk

Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? Policymakers have studied the effects of the price ceiling carefully, and recognize that the price ceiling is advantageous for society..

  General function of law

Which of the following is NOT a general function of law. An official notice that the us supreme court will hear a case is called

  Farmer uses three inputs to produce vegetables

A farmer uses three inputs to produce vegetables: land, labor, and capital. The production function for the farm exhibits diminishing marginal rate of technical substitution. What happens to the cost-minimizing quantities of labor and capital for a g..

  The interest earned versus the duration of the investment

Each year,$7,500 is invested at 4% annual compound interest a) What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b) Repeat part (a) with the investment at 5% annual compound interest c) Based answers to (a)..

  Is demand elastic or inelastic at this point

Suppose the demand curve is given by Q = 200 - 20P. Answer the following. (a) What is the price elasticity at P = $4? Is demand elastic or inelastic at this point? (b) What is the price elasticity at P = $7? Is demand elastic or inelastic at this poi..

  Salvage value was assumed in calculating the capital cost

K.T. Labs bought a Gene gun for $25,000. The accounting department has estimated that the machine would have an annualized capital cost of $3,880 over its 10-year service life. What salvage value was assumed in calculating the capital cost? The firm'..

  The market price be in order to induce five sellers

In the market for used cars we have 10 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000, $6000, $7000, $8000, $9000, $10000. What could the market price be in order to induce five sellers to offer their cars for sale?

  Labor unions and package shippers

With DHL promising increased competition in the US express package (integrated carrier) industry, various stakeholders would greet this prospect quite differently. Choose one of these stakeholder groups and explain from their perspective why you oppo..

  How much money will accumulate in five years

How much money will accumulate in five years if monthly deposits of $1,000 are made every month (except for month 15, where no deposit is made) if interest =3% per month? Show all your work

  Qa toy manufacturer launched a new toy truck last year

q.a toy manufacturer launched a new toy truck last year which was a huge success. 2.5 million invested by company for a

  What do you need to do to handle crisis

What do you need to do to handle crisis. SLook at mistaken assumptions described. Why do such assumptions arise, and what can be done to overcome se biases.

  Describe several different fixed costs and variable costs

describe several different fixed costs and variable costs associated with operating an automobile.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd