Answer:
The total contribution margin for the firm is: $209,095
Explanation:
The contribution margin is calculated by using following formula:
Contribution margin = Total sales – Total variable costs
In International Imports,
Total sales = $674,500
Total variable costs = cost of goods sold + total variable selling and administrative expense = $404,700 + $60,705 = $465,405
Contribution margin = $674,500 - $465,405 = $209,095
Net income serves as the beginning point for the indirect technique of preparing the operating activities section.
<h3>What does "net income" mean?</h3>
Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.
<h3>How is net income demonstrated?</h3>
Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.
<h3>What is net income post-tax?</h3>
A person's income after taxes and deductions is referred to as their net income.
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Answer:
Almost any Consumer Services enterprise is amenable to the entrepreneur, from personal services like pet care and yard maintenance to a clinical psychology and counseling practice. Particularly fertile in our current business landscape are Consumer Services tied to computers, electronics, the Internet, and social media.
Explanation:
Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..
Answer:
$3,270
Explanation:
Inventory should be value at lower of cost and market value.
Bottles of CleanZ:
Cost of inventory = Bottles of CleanZ × Price per bottle
= 370 × $3
= $1,110
Market value of inventory:
= Bottles of CleanZ × Market value per bottle
= 370 × $3.20 per bottle
= $1,184
Lowest of cost and market value of inventory is $1,110.
Boxes of DyeZ:
Cost of inventory = Boxes of DyeZ × Price per box
= 270 × $10
= $2,700
Market value of inventory:
= Boxes of DyeZ × Market value per box
= 270 × $8 per box
= $2,160
Lowest of cost and market value of inventory is $2,160.
Therefore, the DyeZ. CurlZ should report its inventory at:
= Lowest of cost and market value of inventor for (CleanZ + DyeZ)
= $1,110 + $2,160
= $3,270