Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. markups; cost-plus pricing the following is talley

Markups; cost-plus pricing The following is Talley Companys income statement for the past year. Sales...

90.2K

Verified Solution

Question

Accounting

Markups; cost-plus pricing The following is Talley Companys income statement for the past year. Sales revenue $300,000 Cost of goods sold 120,000 Gross margin 180,000 Operating expenses 130,000 Operating income $50,000

Required What is the markup percentage on the cost of goods sold?

What is the markup percentage on the total cost?

What is the gross margin percentage?

If the company wants to sell a new product that costs $45 wholesale while keeping the same markup structure, what will be the price of the new product?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

How does the filtrate in the renal tubule differ from the urine that will eventually leave...

Psychology
1.2K views

What did Harlow’s studies show was the basis of attachment? Describe secure and insecure infant attachment...

Economics
1.2K views

In the IS-LM model, analyze the effects of increased optimism among banks on all the endogenous...

General Management
1.2K views

Analyse the components of a firm’s value chain, support your answer with reference to an organisational...

Geometry
1.2K views

A total of 10 marbles Three marbles are randomly drawn from the bag tie marbles...

Basic Math
1.2K views

cm b APQR given ZR 112 p 31 2 cm and r 45 0 cm

Calculus
1.2K views

Evaluate the integral 6e6t S 6 e6t 6e6t dt C

Calculus
1.2K views

Evaluate int 1 3 y d x where the values of y at regular intervals...

Algebra
1.2K views

65432 1 0 1 2 3 4 5 6 7 What system of linear equations...

Accounting
1.2K views

A company purchased factory equipment for $700,000. It is estimated that the equipment will have...

Accounting
1.2K views

What is an ABC system? How would implementing such a system benefit the organization? Are...

Accounting
1.2K views

Your roommate is curious about the features of process cost accounting. Identify' and explain the...