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The following income statements illustrate different cost structures for two competing companies: table [ [ , Income Statements,Company Name ] , [ , Gibson,Franklin,
The following income statements illustrate different cost structures for two competing companies: tableIncome Statements,Company NameGibson,Franklin,Number of customers aSales revenue $$$Variable cost $Contribution margin,Fixed costNet income,$$ Required a Reconstruct Gibson's income statement, assuming that it serves customers when it lures customers away from Franklin by lowering the sales price to $ per customer. b Reconstruct Franklin's income statement, assuming that it serves customers when it lures customers away from Gibson by lowering the sales price to $ per customer. Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Gibson's income statement, assuming that it serves customers when it lures customers away from Franklin by lowering the sales price to $ per customer. tableGIBSON COMPANYIncome StatementSales revenue,Variable costContribution margin,$
The following income statements illustrate different cost structures for two competing companies:
tableIncome Statements,Company NameGibson,Franklin,Number of customers aSales revenue $$$Variable cost $Contribution margin,Fixed costNet income,$$
Required
a Reconstruct Gibson's income statement, assuming that it serves customers when it lures customers away from Franklin by lowering the sales price to $ per customer.
b Reconstruct Franklin's income statement, assuming that it serves customers when it lures customers away from Gibson by lowering the sales price to $ per customer.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Reconstruct Gibson's income statement, assuming that it serves customers when it lures customers away from Franklin by lowering the sales price to $ per customer.
tableGIBSON COMPANYIncome StatementSales revenue,Variable costContribution margin,$
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