I am having a hard time with my ACC 118 homework. Can you help me understand this problem better? 19AALog In | Federal Student Aid12 Assignment i1ntseBookPrintReferencesMcGrawHill2W7.1ezto.mheducation.comс↓G whole foods marketing plan - Google SearchM Question 1- Ch12 Assignment - ComSavedHelpSave & Exit SubmitCheck my workare shown:Shown here is an income statement in the traditional format for a firm with a sales volume of 8,000 units. Cost formulas alsoRevenues$32,00022,800Cost of goods sold ($6,000+ $2.10/unit)Gross profit$ 9,200Operating expenses:Selling ($1,200 + $0.10/unit)2,0005,600Administration ($4,000+ $0.20/unit)Operating income$ 1,600Required:a. Prepare an income statement in the contribution margin format.b. Calculate the contribution margin per unit and the contribution margin ratio.c. Calculate the firm's operating income (or loss) if the volume changed from 8,000 units to1. 12,000 units.2. 4,000 units.d. Refer to your answer to part a for total revenues of $32,000.Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and totalrevenues1. Increase $12,000.2. Decrease $7,000.Complete this question by entering your answers in the tabs below.< Prev1 of 1Next$0#3E4R%5T6Y☐☐☐&7U*89X0P+11{1de}

Since we answer up to three subparts, we will answer the first three. Please resubmit the question…

es Shown here is an income statement in the traditional format for a firm with a are shown: Revenues Cost of goods sold ($6,000 + $2.10/unit) $32,000 22,800 Gross profit $ 9,200 Operating expenses: Selling ($1,200 + $0.10/unit) 2,000 Administration ($4,000+ $0.20/unit) 5,600 Operating income $ 1,600

es Shown here is an income statement in the traditional format for a firm with a are shown: Revenues Cost of goods sold ($6,000 + $2.10/unit) $32,000 22,800 Gross profit $ 9,200 Operating expenses: Selling ($1,200 + $0.10/unit) 2,000 Administration ($4,000+ $0.20/unit) 5,600 Operating income $ 1,600

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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Hi, my name is Jennifer. I am having trouble with this same problem. But the sub-parts I need help with are C, D, and E. But more specifically, really just sub-parts D and E. The only parts I see being answered are sub-parts A, B, and C only in the 8 solutions posted. May I please receive help for the top sub-parts of C, D, and E ONLY, please? It would be much appreciated. Thank you. :) -- Jennifer Sutton
For the last entries I am having difficulties understanding, could I have more clarification?
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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
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do you not see the solution you provided is the exact one i submitted, it says it's wrong..
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It says they answers are wrong from your example.