1. Your company has sales of $91,300 this year and cost of goods sold at $67,000. You forecast sales to increase to $110,000 next year. Using the percent of sales method, forecast next years cost of goods sold.
(Round to the nearest dollar)
2. The employer-provided health insurance system is very attractive to both the insurance providers (the supply side) and the insured party (the demand side). Provide and explain one supply-side reason and one demand-side reason for the popularity of employer- provided health insurance.