Gasson Company is a merchandising firm. Next month the company expects to sell 800 units....
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Accounting
Gasson Company is a merchandising firm. Next month the company expects to sell 800 units. The following data describe the company's revenue and cost structure:
Selling price per unit: $40
Sales Commission: 5%
Purchase price (cost) per unit: $18
Advertiing Exp: $4,000/month
Admin Expense: $4,500/month plus 15% of sales
TASK:
What is the gross margin for next month?
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