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please answer all 4 quarters (red boxes) on Net income (discrete approach) and profit margin on sales all 4 quarters Teal, Inc, is a company
please answer all 4 quarters (red boxes) on Net income (discrete approach) and profit margin on sales all 4 quarters
Teal, Inc, is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows. Teal incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.40 per unit. Teal will incur fixed manufacturing costs of $763,200 and fixed nonmanufacturing costs ot $1,244,800. Teal will sell its product for $4 per unit. (a) Determine the amount of net income Teal will report in each of the four quarters of 2020 , assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answers to 0 decimal places, e.g. 5.125.) eTextbook and MediaStep by Step Solution
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