Payton inc. reports in its 2017 annual report 10-k, sales of $8,180 million and cost of goods sold of $3,272 million. for next year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. projected cost of goods sold for 2018 will be:

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.