Impact Corporation reported $460,000 of revenue for the year. Selling expenses amounted to $47,000, and administrative expenses were $79,000. Cost of goods sold was 38% of revenue. Impact's gross margin is:

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach