For Starbucks, company operated store revenues are recorded when payment is tendered at point of sale (when you pay for the coffee) and accounted for as a cash sale. This is an example of revenue recognition deferred revenue an estimate historical cost Which of these accounts include non-cash items? Pre-opening costs income taxes Dividends Depreciation Market capitalization is the of a company. none of the above share value stock price valuation In the month of October, XYZ Industries total sales were $24,000. During the month, fixed costs were $6,300 and variable costs were 70% of sales. 1) Determine the contribution margin in dollars 2) Determine the operating profit in dollars