Given the Following,calculate Contribution Margin and Net Income

question 49

Essay

Given the following,calculate contribution margin and net income:
$$\begin{array} { l r r r } & & & \text { Indirect } \\& \text { DVD } & \mathrm { CD } & \text { Expense } \\\text { Net Sales } & \$ 10,000 & \$ 5,000 & \\\text { Cost of Goods Sold } & 5,500 & 2,300 & \\ \\ \text { Operating Expenses (Indirect) }& & & \$ 3,000\end{array}$$

Understand the regulations and corporate decisions related to dividends and share buy-backs.

Appreciate the importance of equity-related disclosures in financial statements for transparent reporting.

Recognize the effects of currency translation on financial reporting and equity adjustment.

Understand the principles of accounting for income taxes including the differences between accounting profit and taxable profit.