2. For the last five years, cost of goods sold for Beauty Ltd. has averaged 60 %...

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2. For the last five years, cost of goods sold for Beauty Ltd. has averaged 60 %

of sales. This trend is expected to continue for the foreseeable future. If sales for 2016 are expected to be US$20,000, what would be the forecast 2016 value for cost of goods sold?

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