Question
1. Assume sales volume for the company is expected to shrink 6.88% while their average price per unit is expected to rise 2.82% and all
1.
Assume sales volume for the company is expected to shrink 6.88% while their average price per unit is expected to rise 2.82% and all companies in the industry will experience an inflation rate of 8.16% on cost of goods sold. If cost of goods sold for the company was originally 35.09% of sales, what percent of sales will it become as a result of these factors?
(Enter your answer a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12)
2.
If the expected average price increase per unit is 4.01% and the expected volume growth is -0.55%, what is the expected percent change in revenue? (Enter your answer as a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12)
3.
If all companies in the industry will experience an inflation rate of 5.73% on the cost of goods sold and sales volume is expected to shrink 3.05%, what is the expected percent change in cost of goods sold on the income statement?
(Enter your answer as a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12)
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