The following income statements illustrate different cost structures for two competing companies:
Income Statements
Company Name
Campbell Benson
Number of customers (a) 81 81
Sales revenue (a x $220) $ 17,820 $ 17,820
Variable cost (a x $175) N/A (14,175)
Variable cost (a x $0) 0 N/A
Contribution margin 17,820 3,645
Fixed cost (14,175) 0
Net income $ 3,645 $ 3,645
Required:
1. Reconstruct Campbell’s income statement, assuming that it serves 162 customers when it lures 81 customers away from Benson by lowering the sales price to $120 per customer.
2. Reconstruct Benson’s income statement, assuming that it serves 162 customers when it lures 81 customers away from Campbell by lowering the sales price to $120 per customer.

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.