Question
The operating expenses of a manufacturer last month were $22,000.00. This amount was 55% of gross margin, and gross margin was 15% of sales. What
The operating expenses of a manufacturer last month were $22,000.00. This amount was 55% of gross margin, and gross margin was 15% of sales. What was the dollar value of sales last month for the manufacturer?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Calculus And Its Applications
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
14th Edition
9780134437774
