Solved: Sweeney projects sales of 500000 cost of goods sold is 40, Accounting Basics

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Sweeney projects sales of 500000 cost of goods sold is 40

Question - Sweeney projects sales of $500,000. Cost of goods sold is 40% of sales, and administrative costs are $25,000. Depreciation of $5,000 is included in these expenses. There are no changes in inventories, payables, or receivables.

How much will cash increase?

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Accounting Basics: Sweeney projects sales of 500000 cost of goods sold is 40

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Accounting Basics: Sweeney projects sales of 500000 cost of goods sold is 40

Reference No:- TGS02566652

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