Complete the Following Data Taken from the Condensed Income Statements

question 166

Essay

Complete the following data taken from the condensed income statements for merchandising Companies A,B,and C.
$\begin{array}{|l|r|r|r|}\hline & \text { Company A } & \text { Company B } & \text { Company C } \\\hline \text { Net income } & \$ 315 & \$ ? & \$ 215 \\\hline \text { Sales } & ? & 865 & 560 \\\hline \text { Gross profit } & 430 & ? & 325 \\\hline \text { Operating expenses } & ? & 125 & ? \\\hline \text { Cost of merchandise sold } & 545 & 320 & ? \\\hline\end{array}$

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Definitions:

Reservation Prices

The maximum price a consumer is willing to pay for a good or service, beyond which they will not purchase it.

Mixed Bundling

Selling two or more goods both as a package and individually.

Hook-up Fee

A charge for connecting to a service or utility, such as electricity, water, or the internet.

Two-part Tariff

A pricing strategy that consists of a fixed fee plus a variable usage rate, commonly used in utility services and memberships.