Net income. Gross income would be the $3,000 before taxes are deducted. The net income would be the 2452 that is remaining after taxes
Politics, law, culture, and economy are all examples of social factors <span>that can affect the ways in which companies produce and sell their products in foreign markets.
Social factors is everything that could affect your life style. When your lifestyle change, your consumption pattern will also change and this will affect the products that will be sold in the market.</span>
Answer:
D. 76.6 %
Explanation:
Contribution Margin Ratio = Contribution / Sales × 100
<em>First Calculate the Contribution</em>
Contribution = Sales - Variable Costs
= (60,000 units × $ 12.40) - ($110,000+$30,000+$34,000)
= $744,000 - $174,000
= $570,000
<em>Then Calculate Contribution Margin Ratio</em>
Contribution Margin Ratio = $570,000 / $744,000 × 100
= 76.61290
= 76.6 % ( 1 decimal)
The characteristics is its divisibility: money can be divided into smaller parts and the sum of those parts has the same value as the original money. Here we see that different people have the same amount of money in different forms.
Other characteristics of money are its durability, transportability and the resistance to being faked.
