ACCT 420 ACCT420 Unit 1 Individual Project (AIU Online)
ACCT 420 Unit 1 Individual Project (AIU Online) Income Statement Comparison
Individual Project OneTemplate
Part 1: Summarize what a contribution format income statement depicts, as compared to the traditional format.
Part 2: Using the following company data, show how the two income statement formats would look side by side.
Part 3: Explain why the contribution approach is more useful to project profits. As an example, show your calculations when using a projected sales increase of 20%.
Part 4: Using the following data, show how expected profits would be different if there was a sales increase of 10% and she used variable COGS of 50% vs. 60%. As an offset, this implies an increase in fixed COGS of $1,000,000.
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