Profit and loss data for Lota & Romy, Inc. for 2019 and 2019 2020 Sales P2,688,000 Р3,45 Cost of Sales 1,920,000 2,76 Gross Profit P768,000 P69 REQUIRED: 1. Prepare a statement/summary analyzing the variation in much information as can be determined concerning fact change, under each of the following independent assumptic a. Total units sold in 2020 are 25% above units sold in 201 D. Selling prices in 2020 are 20% above the selling prices * Cost prices in 2020 are 10% lower than the cost prices in d. No data are available relative to prices and volume chan
Profit and loss data for Lota & Romy, Inc. for 2019 and 2019 2020 Sales P2,688,000 Р3,45 Cost of Sales 1,920,000 2,76 Gross Profit P768,000 P69 REQUIRED: 1. Prepare a statement/summary analyzing the variation in much information as can be determined concerning fact change, under each of the following independent assumptic a. Total units sold in 2020 are 25% above units sold in 201 D. Selling prices in 2020 are 20% above the selling prices * Cost prices in 2020 are 10% lower than the cost prices in d. No data are available relative to prices and volume chan
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me to answer the Req A & C. I need to submit it this afternoon. Thank you so much!
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