Answer the Questions Below Based on the Following Data (In $\begin{array} { l } \text { Purchases}&\$160\\ \text { Beginning inventory}&32\\ \text {Ending inventory }&48\\\end{array}$

question 46

Essay

Answer the questions below based on the following data (in 000's): $\begin{array} { l } \text { Purchases}&\$160\\ \text { Beginning inventory}&32\\ \text {Ending inventory }&48\\\end{array}$
(a) What amount of sales would produce a gross margin of 35 percent based on cost of goods sold? $______________________________.
(b) What amount of sales would produce a gross margin of 40 percent based on sales? $______________________________.

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Definitions:

Group Cohesion

The sense of solidarity or loyalty that individuals feel toward a group to which they belong.

Team Spirit

The sense of solidarity, enthusiasm, and loyalty among members of a group, contributing to its success and cohesion.

Expressive Leadership

Leadership concerned with maintaining emotional and relational harmony within the group.

Secret Society

An organization that is exclusive and secretive, often having rituals and ceremonies unknown to those outside the society.