ABC Corporation opening retained earnings were $250,000 at 1/01/2018. Net income after taxes for the year ending 12/31/2018 was $150,000. ABC Corporation had issued 110,000 shares of common stock over the years, of which 105,000 are currently outstanding. It declared & paid a dividend of $.40 per share to the stockholders. What were the retained earnings of ABC Corporation at 12/31/2018 ? $440,000 $358,000 $400,000 $250,000 b) Preferred Stock may have priority over common stock except in: a) assets in the event of liquidation dividends cumulative dividend features voting Contribution Margin: b) c) is revenue remaining after deducting variable costs is revenue remaining after deducting cost of goods sold is revenue remaining after deducting variable costs & fixed costs is net income before income taxes Gossen Company is planning to sell 200,000 pliers for $4.00 per unit. The contribution margin ratio is 25%. If Gossen will breakeven at this level of sales, what is fixed costs? a) b) c) $100,000 $160,000 $200,000 $300,000 d) Variable cost are costs that a) b) vary in total directly & proportionately with changes in the activity lew remain the same at every activity level Neither of the above Both (a) & (b) above d)