The predicted 2017 costs for Gamma Motors are as follows:
Selling & Administrative Costs
Average total assets for 2017 are predicted to be $5,000,000.
If the company desires a 10% rate of return on total assets, what is the markup percentage on total manufacturing costs for the desired profit?
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- My above answer has mistake, the markup petcentage will be 71.4% (500000/700000) and ignore the check calculation as it is not applicable here
- Aug 13, 2018 at 2:07am
- Also ignore the last paragraph
- Aug 13, 2018 at 2:10am