ABC Company produces three products, X, Y and Z. A segmented income statement

ABC Company produces three products, X, Y and Z. A segmented income statement with amounts given in thousands, follows: Product X Product Y Product Z Sales revenue 1,280 $ 185 300 Less: Variable expenses 1,115 45 225 Contribution margin 165 $ 140 $ 75 Less: Direct Fixed Expenses Equipment depreciation 50 15 10 Supervisor salaries 95 85 80 Segmented margin $ 20 $ 40 $ (15) Depreciation on the equipment is dedicated to the product lines. None of the equipment can be sold. Each of the three products has a different supervisor whose position would be elimated if the associated product were dropped. Required: Compute the change in profit if ABC Company decides to drop Product Z. If ABC Company drops Product Z, the Company will also lose 20% sales of Product Y. Under this scenario, compute the change in profit if Company decides to drop Product Z.Please put correct answer in the underlined space provided. Sales Purchases April 57,600 33,600 May 52,800 38,400 June 48,000 28,800 July 62,400 43,200 August 52,800 48,000 Collections from customers are as follows: Month of sale 75% One month following sale 20% Second month following sale 5% On the purchase side, the Company takes full advantage of the 3 percent discount allowed on purchases paid for by the tenth of the following month. (Hint: April purchases are paid in full in May by taking advantage of the discount.) Additional information for the month of August is as follows: Cash disbursements for administrative expenses 11,520 Amortization expenses 4,000 Cash balance on August 1 17,600 Required: a) Compute the cash collections for the month of August. Compute the cash disbursements for the month of August. Compute the cash balance on August 31. Compute accounts receivable at August 31. b) Compute accounts payable at August 31