Thelma and Louie, Inc., started the year with a balance of retained earnings of $555 million and ended the year with retained earnings of $610 million. The company paid dividends of $45 millon to the preferred stockholders and $85 million to common stockholders. Calculate Thelma and Louie's net income for the year. (Enter your answer in millions of dollars.) Net income

Carver company produces a product which sells for $30. variable manufacturing costs are $15 per unit. fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. a selling commission of 10% of the selling price is paid on each unit sold. the contribution margin per unit is:

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As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.