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 ___________.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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