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A company is projecting sales of $100,000 for the next year. Its cost of goods sold is expected to be 60% of sales. Operating expenses
A company is projecting sales of $100,000 for the next year. Its cost of goods sold is expected to be 60% of sales. Operating expenses are expected to be $25,000. If the company wants to earn a profit of $20,000 next year, how much in additional financing will it need to raise?
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
