The following information is available for Figment Ltd.for last year: 
The cost of goods sold is equal to 300% of selling expenses.What is the cost of goods available for sale?
Definitions:
Demand Schedules
Tables that show the quantity of a good or service that consumers are willing and able to purchase at different price points.
Monopolistic Competitive Industry
A market structure where many firms sell products that are similar but not identical, allowing for competition based on factors other than price.
Short Run
A period in economics where at least one input is fixed and cannot change, limiting the capacity for production adjustments.
Long Run
In economics, refers to a period in which all factors of production and costs are variable, allowing for complete adjustment to changes.
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