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Please i need help on this question Midlands Inc. had a bad year in 2019. For the first time in its history. it operated at

Please i need help on this question
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Midlands Inc. had a bad year in 2019. For the first time in its history. it operated at a loss. The company's income statement showed the following results from selling 75,000 units of product: net sales $2,250,000; total costs and expenses $2,374,920; and net loss $124.920, Costs and expenses consisted of the following. Total Fixed Variable $1,195,000 $1,692,500 $497.500 Cost of goods sold Selling expenses Administrative expenses 532,420 95,000 437.420 60,000 90,000 150,000 $2,374,920 $1,350,000 $1,024,920 Management is considering the following independent alternatives for 2020. 1. 2. Increase unit selling price 25% with no change in costs and expenses. Change the compensation of salespersons from fixed annual salaries totaling $196,000 to total salaries of $41.005 plus a 5% commission on net sales Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. 3. (a) Compute the break-even point in dollars for 2019. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answer to o decimal places, e.g. 2,510.) Break-even point $ 2562300 i (a) Compute the break.even point in dollars for 2019. (Round contribution margin ratio to 4 decimal places e.g. 0.25 12 and final answer to 0 decimal places, e.g. 2,510.) Break-even point $ 2562200 (b) Compute the break-even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places e.g. 0.251 and final answers to decimal places.c.g. 2,510.) Break-even point 1. Increase selling price $ 1971000 2. Change compensation $ 3. Purchase machinery Which course of action do you recommend? Alternative 14

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