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Show Work Please!! Use the following information for the next THREE questions. Staylong Inc. is a leading lipstick producer. The following information was taken from
Show Work Please!!
Use the following information for the next THREE questions. Staylong Inc. is a leading lipstick producer. The following information was taken from the 2020 income statement segmented by geographic region: Califomia Montana Sales $200,000 $100,000 Contribution margin 140,000 60,000 Segment margin 70,000 10.000 Net income for 2020 was $40,000 3. What were Stay Long's 2020 total traceable and common fixed expenses in the income statement segmented by geographic region? Traceable Common a $100,000 $120,000 b $100,000 $40,000 $40,000 $100,000 d $120,000 $100,000 $120,000 S40,000 c e 4. Assuming no change in cost structure, if sales would have been 10,000 higher in cach segment in 2020, what would the net income have been for StayLong? a $50,000 b. S44,500 c. S53,000 d $47.000 . $42,667 5. Refer to the original information. If all Montana locations were closed in 2020, what would the net income have been for Stay Long? a $40,000 b. S70,000 c. $30,000 d. ($10,000) c. $26,667 Step by Step Solution
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