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What is the projected cost of goods sold for the new year

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Question - Per the 5-Minute Budget process, and given the following information, what is the projected Cost of Goods Sold for the new year?

Current Year

Sales: $1,000,000

COGS: $500,000

General and administrative expenses: $450,000

Profits: $50,000

Due to new competition, the firm anticipates a decline in sales by 10%.

What will the Cost of Goods Sold estimate be in the new year?

Reference no: EM133024170

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