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borteleto borteleto
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Posts: 2477
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5 years ago
Use the "percent of sales method" of preparing pro forma financial statements to determine the projection for next year's cost of goods sold. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. What is the projection for next year's cost of goods sold?
A) $20,481,000
B) $21,138,900
C) $21,459,200
D) $22,786,400
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wrote...
5 years ago
 D
 
borteleto Author
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5 years ago
White Heavy Checkmark
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5 years ago
Don't forget to rate the answer too
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