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-If Kooshy Company forecasts a 20% sales increase,what will its pro forma cost of goods sold be,assuming it remains at the same percent of sales?

Question

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-If Kooshy Company forecasts a 20% sales increase,what will its pro forma cost of goods sold be,assuming it remains at the same percent of sales?

Quizplus · Accepted Answer

Given that the cost of goods sold (COGS) remains the same percent of sales, a 20% increase in sales would proportionally increase COGS by 20%. Without the original sales or COGS figures, we can't calculate the exact number, but the correct answer must reflect a 20% increase from a base number. Among the provided options, only option C ($691) suggests a plausible 20% increase from a base figure, assuming the other options represent potential base figures or incorrect calculations.

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