A company has sales of $150 million,cost of goods sold of $100 million,and a before-tax profit of 8%.If purchasing was able to reduce the cost of goods sold by $5 million,how much additional sales would be required to achieve the same impact on profit?
A) $5 million.
B) $10 million.
C) $55 million.
D) $62.5 million.
Correct Answer:
Verified
Q2: Common goals for sourcing include all of
Q3: Concerning outsourcing,which of the following is considered
Q4: A company has the following financial information
Q5: Which of the following is NOT a
Q6: Which of the following statements concerning sourcing
Q7: Purchasing activities include
A) choosing suppliers.
B) negotiating contracts.
C)
Q8: A manufacturer has decided to outsource and
Q9: A company has the following financial information
Q10: A purchasing executive concerned about a perceived
Q11: Which of the following indicates an item
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents