Columbus Co.'s sales revenue for the most recent quarter was $2.5 million and cost of goods sold was $1.5 million. If sales grow by 15% in the next quarter and all ratios remain the same, gross profit will be
A) $2.25 million.
B) $1.725 million.
C) $1.15 million.
D) $1.375 million.
Answer: C
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Below are the transactions for the Louisville Company: Proceeds from issuance of bonds payable $635,000 Payment to purchase equipment $275,000 Payment of wages $115,000 Payment of dividends $155,000 Payment to pay off notes payable $195,000 Based on these transactions, what is the net cash flow from financing activities?
a. $285,000 net cash provided by financing activities. b. $275,000 net cash used for financing activities. c. $0, because cash inflows equal cash outflows from financing activities. d. $440,000 net cash provided by financing activities.
Which of the following is an advantage of using digital catalogs?
A) lists the phone numbers of interested prospects B) coordinates with direct-response television ads C) points customers to the nearest kiosk D) eliminates printing and mailing costs E) creates emotional contact with customers
Use brackets to insert comments or corrections in ____________
a. tables of contents b. lists c. captions d. quoted material
Which of the following are two methods of analyzing capital investment proposals that both ignore present value?
A) Internal rate of return and average rate of return B) Net present value and average rate of return C) Internal rate of return and net present value D) Average rate of return and cash payback method