llowing data relates to Campus Goods Inc: Amount in $ Revenue 400000 Operating Profit 20% cost of good sold 55% Operating Expense ( as % of revenue ) 25% Required: Based on the above data determine the following: 8A. Cost of Goods Sold in $ is ___________.
llowing data relates to Campus Goods Inc: Amount in $ Revenue 400000 Operating Profit 20% cost of good sold 55% Operating Expense ( as % of revenue ) 25% Required: Based on the above data determine the following: 8A. Cost of Goods Sold in $ is ___________.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following data relates to Campus Goods Inc:
Amount in $
Revenue 400000
Operating Profit 20%
cost of good sold 55%
Operating Expense ( as % of revenue ) 25%
Required: Based on the above data determine the following:
8A. Cost of Goods Sold in $ is ___________.
250,000
100,000
150,000
220,000
8B. Gross Profit in $ and % is ___________ and ___________ respectively.
250,000 and 20%
180,0000 and 40%
180,000 and 45%
220,000 and 45%
8C. Operating expenses is ___________.
100,000
150,000
200,000
120,000
8D. Operating profit in $ is ___________.
55,000
65,000
80,000
70,000
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