Jun 2016

Lessons for accountants from the mattress industry

By: Odyssey Publication
Tags: 300% markups, Destablisation, huge profits, Offshoring tax returns, online

Just last week there was a news article that spoke about the indignation of some customers hearing that mattress companies had 300% markups, huge profits, and hundreds of near identical mattresses sold under different names and prices. The mattress article above mentioned beds that retail for $10,000 are being made for as little as $1,500 overseas. That is, the manufacture cost …