Thomas corporation recorded sales of 150000 during march, Accounting Basics

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Thomas corporation recorded sales of 150000 during march

Problem

Thomas Corporation recorded sales of $150,000 during March Management expects sales to increase 3% in April, another 25% in May, and another 8% in June. Cost of goods sold is expected to be 60% of sales. What is the budgeted gross profit or June?

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Accounting Basics: Thomas corporation recorded sales of 150000 during march

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Accounting Basics: Thomas corporation recorded sales of 150000 during march

Reference No:- TGS02784044

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