Talley Company’s income statement

Exercise D3-25The following is Talley Company’s income statement for the past year.Sales revenue      $540,000Cost of goods sold      324,000Gross margin      216,000Operating expenses      126,000Operating income      $90,000What is the markup percentage on cost of goods sold? (Round answer to 0 decimal places, e.g 45%.)Markup percentage What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g 45%.)Markup percentage What is the gross margin percentage? (Round answer to 0 decimal places, e.g 45%.)Gross margin percentage   

If the company wants to sell a new product that costs $42 wholesale while keeping the same markup structure, what will be the price of the new product? (Use the gross margin percentage and round final answer to 0 decimal places, e.g. 25,000.)

We help you get better grades, improve your productivity and get more fun out of college!!

How it works – it’s easy

Y

Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.

i

Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.

 

 

Achieve academic success with the best online tutors.