Computing gross profits of costs of goods sold, Accounting Basics

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Computing gross profits of costs of goods sold

Q1) Compute Gross profits of costs of goods sold, and selling price MBI Inc., had sales of= $141.6 million for fiscal 2009. Company's gross profit ratio for that year was 31.6%.

1. Compute the gross profit?

2. Determine the cost of goods sold?

3. Compute the selling price?

4. What must be done with information?

a. Utilize a target Selling Price but research more

b. Utilize as selling price for the new product

c. Utilize target cost price but research more

d. Utilize as cost price for the new product

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Accounting Basics: Computing gross profits of costs of goods sold

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Accounting Basics: Computing gross profits of costs of goods sold

Reference No:- TGS016859

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Recent Questions Asked Accounting Basics

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Accounting Basics: Computing gross profits of costs of goods sold

Reference No:- TGS016859

Recent Questions Asked Accounting Basics

Q : Hypothesis testing for one sample mean

Q : Determine the preference dividend

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