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Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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
Transcribed Image Text:Gourmet Delight Bistro had a 10%
return on a $75,000 investment in new
kitchen equipment. The investment
resulted in increased sales and an
increase in income that was 4% of the
increase in sales.
What was the increase in sales?
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- PLease show Solutions for a guide. 1. A firm total sales is 156,000 this year. If the cost of sales is 55% . What is the amount of gross profit? 2. If the firm above earned a profit of 39,000 . How many percent of total sales is the net profit? 3. Compute for the operating expenses of the firm 1 and 2. How many percent of the total sales are the operating expenses?arrow_forwardWhat is the return on investment on these general accounting question?arrow_forwardGeneral accountingarrow_forward
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