Solved

Pigeon Company Supplied the Following Information for the Month of December

Question 144

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:

verifed

Verified

A. Sales revenue = $44,100/.105 = 420,00...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents