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Suppose a percentage of sales model forecasts that sales will grow by 20% next year. If costs of goods sold (COGS) are proportionate at 70%
Suppose a percentage of sales model forecasts that sales will grow by 20% next year. If costs of goods sold (COGS) are proportionate at 70% of sales, then COGS will ___ next year. (Exam 1)
Question 3 options:
| grow by 70% |
| grow by 20% |
| not change |
| grow to 90% of sales |
Question 4 (1 point)
If a firm with a total asset of $3 million recently added $100,000 to retained earnings after a dividend payment of $150,000, then its internal growth rate is: (Exam 1)
Question 4 options:
| 5.00%. |
| 3.33%. |
| 8.33%. |
| 1.67%. |
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