Please do not give image format Question based on modified problems 3.3 from the reference text [Flynn (2009)] from page 78 of the textbook:Polymerco, a North American manufacturer of specialty polymers, has the following highly condense income statement, given in the table below. There currentsales are to North American customers only. The president casually mentions that it would be nice to have more offshore sales to diversity the company.Polymerco Income StatementGross salesBad debtNet salesCOGSOperating incomeOther income and interest on long-term debtNet incomeNoContribution marginCM(%)SG&A%This year ($000) Last year ($000)2507424718nilnil2507422,243283111.3%2,122709-602471821,34133776491260(a) if Polymerco's production is running at 84% capacity, what is the maximum discount in percentage that you can provide?Maximum discount-In this case, will you have a negative impact on the profitability of the business?13.7%2,0671310-50(b) if Polymerco's production is running at 100% capacity, how much percentage of discount can you provide without reducing the profitability?0

Maximum discount can be calculated by multiplying the net sales by the capacity utilization rate and…

Question based on modified problems 3.3 from the reference text (Flynn (2009)] from page 78 of the textbook: Polymerco, a North American manufacturer of specialty polymers, has the following highly condense income statement, given in the table below. There current sales are to North American customers only. The president casually mentions that it would be nice to have more offshore sales to diversity the company. Polymerco Income Statement Gross sales Bad debt. Net sales COGS Contribution margin CM (%) SONA This year ($000) Last year ($000) 24718 25074 nil nil 24718 21,341 3377 25074 22,243 2831 11.3% 2.122 13.7% 2.067

Question based on modified problems 3.3 from the reference text (Flynn (2009)] from page 78 of the textbook: Polymerco, a North American manufacturer of specialty polymers, has the following highly condense income statement, given in the table below. There current sales are to North American customers only. The president casually mentions that it would be nice to have more offshore sales to diversity the company. Polymerco Income Statement Gross sales Bad debt. Net sales COGS Contribution margin CM (%) SONA This year ($000) Last year ($000) 24718 25074 nil nil 24718 21,341 3377 25074 22,243 2831 11.3% 2.122 13.7% 2.067

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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