Essay
Pigeon Company supplied the following information for the month of December.
Operating income percentage 10.5%
Gross margin percentage 30%
Required: Solve for the following amounts assuming that Pigeon Company's operating income in December was $44,100.
A. sales revenue
B. cost of goods sold
C. total selling and administrative expenses
Correct Answer:
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A. Sales revenue = $44,100/.105 = 420,00...View Answer
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Correct Answer:
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