Hi! I would like an explanation as to why the answer here can't be determined and not equal to zero. Or is it really zero? I kindly ask you to explain the right answer and I would like to ask also for a solution along with the explanation. Thank you so much in advance. If the sales this year amounted to P276,000, sales this year at last year's prices is P230,000, the cost of sales this year is P190,000, and the cost of sales this year at last year's price is P180,000. How much is the gross profit variation due to sales quantity factor?
Hi! I would like an explanation as to why the answer here can't be determined and not equal to zero. Or is it really zero? I kindly ask you to explain the right answer and I would like to ask also for a solution along with the explanation. Thank you so much in advance. If the sales this year amounted to P276,000, sales this year at last year's prices is P230,000, the cost of sales this year is P190,000, and the cost of sales this year at last year's price is P180,000. How much is the gross profit variation due to sales quantity factor?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 10MC
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Hi! I would like an explanation as to why the answer here can't be determined and not equal to zero. Or is it really zero? I kindly ask you to explain the right answer and I would like to ask also for a solution along with the explanation. Thank you so much in advance.
If the sales this year amounted to P276,000, sales this year at last year's prices is P230,000, the cost of sales this year is P190,000, and the cost of sales this year at last year's price is P180,000. How much is the gross profit variation due to sales quantity factor?
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