Use the information below to answer the following questions.
The accountant from Trigg Traders examined the following report:
Income statement (extract) for year ended 31 December 2016 The accountant of Trigg Traders estimated that the quantity of sales would double in 2017 and the unit cost would increase to
$25.
-Refer to the table above. The projected gross profit for 2017 will be:
A) $100,000
B) $10,000
C) $120,000
D) $110,000

Question

Use the information below to answer the following questions.
The accountant from Trigg Traders examined the following report:
Income statement (extract) for year ended 31 December 2016  The accountant of Trigg Traders estimated that the quantity of sales would double in 2017 and the unit cost would increase to
$25.
-Refer to the table above. The projected gross profit for 2017 will be:
A) $100,000 
B) $10,000 
C) $120,000 
D) $110,000

Quizplus · Accepted Answer

The projected gross profit for 2017 is $100,000. This is calculated by subtracting the projected cost of goods sold ($80,000) from the projected revenue ($180,000).

Use the Information Below to Answer the Following Questions