Question
According to a March 3, 2012, EETimes.com article, Apple enjoyed a 60% gross margin on its iPad 2 when it was first released in March
According to a March 3, 2012, EETimes.com article, Apple enjoyed a 60% gross margin on its iPad 2 when it was first released in March 2011.
(a) Given that the iPad 2 sold for $800, what was the cost to make it, assuming the 60% gross margin?
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
