Question
Judith Vending Company has invested $1,180,000 in a plant to make vending machines. The target operating income desired from the plant is $118,000 annually. The
Judith Vending Company has invested $1,180,000 in a plant to make vending machines. The target operating income desired from the plant is $118,000 annually. The company plans annual sales of 1,400 vending machines at a selling price of $1,000 each. What is the markup percentage as a percentage of cost for Judith Vending Company?
A. 9.20%
B. 8.43%
C. 10.00%
D. 91.57%
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Financial Accounting Information For Decisions
Authors: Robert W. Ingram, Bruce Baldwin
4th Edition
0324069545, 978-0324069549
