Sixth Exercise: Complete the following table, then answer the questions that follow, and comment on the...

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Sixth Exercise: Complete the following table, then answer the questions that follow, and comment on the results: Partial I/S 2017 2016 $ change % change Sales 2,100,000 2,000,000 % sales cost of sales 1,650,000 1,750,000 %cost of sales Gross profit %Gross profit 1. What is the effect of the change in sales and the cost of sales on the company's total profit? made an appropriate conclusion. 2. If the cost of sales increased in the same percentage as the sales increased, what is the effect of that on the company's overall profit? made an appropriate conclusion. 3. If the gross profit percentage increases by 80%, and the cost of sales percentage remains the same, what is the volume of sales required to achieve this? made an appropriate conclusion. Sixth Exercise: Complete the following table, then answer the questions that follow, and comment on the results: Partial I/S 2017 2016 $ change % change Sales 2,100,000 2,000,000 % sales cost of sales 1,650,000 1,750,000 %cost of sales Gross profit %Gross profit 1. What is the effect of the change in sales and the cost of sales on the company's total profit? made an appropriate conclusion. 2. If the cost of sales increased in the same percentage as the sales increased, what is the effect of that on the company's overall profit? made an appropriate conclusion. 3. If the gross profit percentage increases by 80%, and the cost of sales percentage remains the same, what is the volume of sales required to achieve this? made an appropriate conclusion.

Answer rating: 100% (QA)

2017 2016 change change Sales 2100000 2000000 100000 500 Sales 100 100 Cost of Sales 1650000 1750000 ... View the full answer