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

7th Edition

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

Problem 20BEA

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Income Statements. Number of customers (a) Sales revenue (a * $200) Variable cost (ax $140) Contribution margin Fixed cost Net income. HILL COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) Required a. 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. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Company Name Creek Hill Complete this question by entering your answers in the tabs below. $ 200 $40,000 N/A 40,000 (28,000) $12,000 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. $ $ 200 $40,000 (28,000) 12,000 0 $12,000 200 0 200 200
The following income statements illustrate different cost structures for two competing companies: Income Statements Number of customers (a) Sales revenue (a $200) Variable cost (ax $140) Contribution margin Fixed cost Net income Company Name Hill 200 $40,000 N/A 40,000 (28,000) $12,000 Creek 200 $40,000 (28,000) 12,000 0 $12,000 Required a. 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. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabs below.
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