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Suppose that 2013 business sales is $1,650,000 and COGS is 530,000. In 2014, the business...

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Accounting

Suppose that 2013 business sales is $1,650,000 and COGS is 530,000. In 2014, the business owner expects that sales will increase by 13% and COGS will be proportional to sales at the same rate as in 2013. Accounts Payable in 2013 is $16,500. In 2014, no change in AP days is expected.

1a) Find the value of COGS in 2014.

1b) Find the $ value of Accounts Payable in 2014.

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