Give me answer within an hour please I will give you upvotes its very urgent .....thanku.... Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a colorFor the coming year, Alo expects to sell 100,000 regular models and 20,000 deluxe models. A segmented Income statement for the two products is as follows:printer-scanner-copier.Regular ModelDeluxe ModelTotalSales$15,000,000$13,400,000$28,400,000Less: Variable costs9,000,0008,040,00017,040,000Contribution margin$6,000,000$5,360,000$11,360,000Less: Direct fixed costs1,200,000960,0002,160,000Segment margin$4,800,000$4,400,000$9,200,000Less: Common fixed costs1,588,800Operating income$7,611,200Required:1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit.Regular modelsunitsDeluxe modelsX units2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. Round the contributionmargin ratio to four decimal places. Use the rounded value in the subsequent computation. (Express as a decimal-based amount rather than a whole percentage.)Round the amount of revenue to the nearest dollar.

Income statement: The income statement determines the net income of the business by subtracting the…

Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Alo expects to sell 100,000 regular models and 20,000 deluxe models. A segmented Income statement for the two products is as follows: Regular Model Deluxe Model Total Sales $15,000,000 $13,400,000 $28,400,000 Less: Variable costs 9,000,000 8,040,000 17,040,000 $6,000,000 $5,360,000 $11,360,000 1,200,000 960,000 2,160,000 $4,800,000 $4,400,000 $9,200,000 1,588,800 $7,611,200 Contribution margin Less: Direct fixed costs Segment margin Less: Common fixed costs Operating income

Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Alo expects to sell 100,000 regular models and 20,000 deluxe models. A segmented Income statement for the two products is as follows: Regular Model Deluxe Model Total Sales $15,000,000 $13,400,000 $28,400,000 Less: Variable costs 9,000,000 8,040,000 17,040,000 $6,000,000 $5,360,000 $11,360,000 1,200,000 960,000 2,160,000 $4,800,000 $4,400,000 $9,200,000 1,588,800 $7,611,200 Contribution margin Less: Direct fixed costs Segment margin Less: Common fixed costs Operating income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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7:27 f t < Session[1].docx - Word ✓ Qo 138 - 21 Paragraph O References Mailings Review View Help BLUEBEAM One day you're going to miss my boring texts ## TO Accessibility: Investigate Search Costs to date Estimated costs to complete Progress billings during the year Cash collected during the year hoher webb ng Normal ||| No Spacing Styles Acrobat 2021 $ 980,000 3,020,000 1,000,000 648,000 Go to website O Heading 1 √ Calculate the amount will be reported for accounts receivable on the statement of financial position at December 31, 2022. 3. Accounts Receivable on the Statement of Financial Position at December 31, 2022 for Newton Corp.: Accounts Receivable is calculated as the cumulative billings to date minus the cumulative cash collected: Accounts Receivable at December 31, 2022 = Cumulative Billings- Cumulative Cash Collected Accounts Receivable at December 31, 2022 = ($1,000,000+ $1,000,000) - ($648,000+ $1,280,000) = $2,000,000 - $1,928,000 = $72,000 Therefore, the amount reported…
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