Question
Show calculations. Current sales are $12,000 with a gross margin % of 45%. Current net profit margin is 8%. Next year sales are expected to
Show calculations.
Current sales are $12,000 with a gross margin % of 45%. Current net profit margin is 8%. Next year sales are expected to increase by 5%. Next year's COGS % is expected to increase by 1% (% to % increase).
Answer the following:
What is next year's predicted Gross Margin in $?
What is the predicted % change in Gross margin?
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
