What gross profit for 2010 will be


Consider the following condensed Income Statement:
_2009_
Sales $8,000,000
COGS _6,500,000
Gross Profil $1,500,000

Sales growth in 2010 is expected to be 15%

If COGS is assumed to vary directly with sales, then Gross Profit for 2010 will be:

 

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Accounting Basics: What gross profit for 2010 will be
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