What is the budgeted gross profit for June?
Homework Answers
Sales in June= Sales in March*(1+5%)*(1+2%)*(1+10%)=119163*1.05*1.02*1.1=$140385.93
COGS=Sales*68%=$85635.41
Gross Prfoit=Sales-COGS=$54750.52
2.6 points in April 3% in May, and 5% in June Cost of goods sold is...
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2.6 points in April 3% in May, and 5% in June Cost of goods sold is expected to QUESTION 8 Yorky Enterprises had sales of $160.000 in March Management expects month month sales increases of 5 remain constant at 70% of sales Budgeted gross proft (rounded to the nearest dollar, if necessary for June A $126,560 $127.184 C $54508 D$54.240 E none of these
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