Number of customers (a) Sales revenue (a* $200) Variable cost (ax $140) Contribution margin Pixed cost Net income. Income Statements. HILL COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) Company Name Hill Required a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek b lowering the sales price to $120 per customer. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill b lowering the sales price to $120 per customer. $ 200 $40,000 N/A 40,000 (28,000) $12,000 Complete this question by entering your answers in the tabs below. $ Required A Required B Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer. $ Creek 200 $40,000 (28,000) 12,000 0 200 0 200 $12,000 200
Number of customers (a) Sales revenue (a* $200) Variable cost (ax $140) Contribution margin Pixed cost Net income. Income Statements. HILL COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) Company Name Hill Required a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek b lowering the sales price to $120 per customer. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill b lowering the sales price to $120 per customer. $ 200 $40,000 N/A 40,000 (28,000) $12,000 Complete this question by entering your answers in the tabs below. $ Required A Required B Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer. $ Creek 200 $40,000 (28,000) 12,000 0 200 0 200 $12,000 200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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