Please do not give solution in image format.. thanku The following income statements illustrate different cost structures for two competing companies:Income StatementsNumber of customers (a)Sales revenue (a × $240)Variable cost (a * $180)Variable cost (a × $0)Contribution marginFixed costNet incomeWALTON COMPANYIncome StatementCompany NameSales revenueVariable costContribution margin $Fixed costNet income (loss) $Zachary83$ 19,920N/ARequireda. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton bylowering the sales price to $140 per customer.b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary bylowering the sales price to $140 per customer.0Walton83$ 19,920Complete this question by entering your answers in the tabs below.0(14,940)N/A4,9800Required A Required BReconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away fromZachary by lowering the sales price to $140 per customer.19,920(14,940)$ 4,980 $ 4,980< Required ARequired B > The following income statements illustrate different cost structures for two competing companies:Income StatementsNumber of customers (a)Sales revenue (a × $240)Variable cost (a x $180)Variable cost (a × $0)Contribution marginFixed costNet incomeRequired A Required BRequireda. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton bylowering the sales price to $140 per customer.b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary bylowering the sales price to $140 per customer.Complete this question by entering your answers in the tabs below.ZACHARY COMPANYIncome StatementCompany NameSales revenueVariable costContribution margin $Fixed costNet income (loss) $Zachary83$ 19,920N/A019,920(14,940)$ 4,980Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away fromWalton by lowering the sales price to $140 per customer.0Walton83$ 19,920(14,940)N/A4,9800$ 4,9800Required ARequired P

Net income is the amount of money earned by the entity after deducting all the expenses from the…

The following income statements illustrate different cost structures for two competing companies: Income Statements Number of customers (a) Sales revenue (a × $240) Variable cost (a * $180) Variable cost (a × $0) Contribution margin Fixed cost Net income Company Name Zachary 83 $ 19,920 N/A 0 Walton 83 $ 19,920 (14,940) N/A 4,980 0 19,920 (14,940) $ 4,980 $ 4,980 Required a. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton by lowering the sales price to $140 per customer. b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary by lowering the sales price to $140 per customer.

The following income statements illustrate different cost structures for two competing companies: Income Statements Number of customers (a) Sales revenue (a × $240) Variable cost (a * $180) Variable cost (a × $0) Contribution margin Fixed cost Net income Company Name Zachary 83 $ 19,920 N/A 0 Walton 83 $ 19,920 (14,940) N/A 4,980 0 19,920 (14,940) $ 4,980 $ 4,980 Required a. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton by lowering the sales price to $140 per customer. b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary by lowering the sales price to $140 per customer.

Managerial Accounting: The Cornerstone of Business Decision-Making

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ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

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Question

Please do not give solution in image format.. thanku

The following income statements illustrate different cost structures for two competing companies:
Income Statements
Number of customers (a)
Sales revenue (a × $240)
Variable cost (a * $180)
Variable cost (a × $0)
Contribution margin
Fixed cost
Net income
WALTON COMPANY
Income Statement
Company Name
Sales revenue
Variable cost
Contribution margin $
Fixed cost
Net income (loss) $
Zachary
83
$ 19,920
N/A
Required
a. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton by
lowering the sales price to $140 per customer.
b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary by
lowering the sales price to $140 per customer.
0
Walton
83
$ 19,920
Complete this question by entering your answers in the tabs below.
0
(14,940)
N/A
4,980
0
Required A Required B
Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from
Zachary by lowering the sales price to $140 per customer.
19,920
(14,940)
$ 4,980 $ 4,980
< Required A
Required B >

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