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  3. exercise 2-12a (algo) using fixed cost as a compet

Exercise 2-12A (Algo) Using fixed cost as a competitive business strategy LO 2-1, 2-2 The...

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Accounting

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Exercise 2-12A (Algo) Using fixed cost as a competitive business strategy LO 2-1, 2-2 The following income statements lliustrate different cost structures for two competing companies Required a. Reconstruct Thomton's income statement, assuming that it serves 172 customers when it lures 86 customers away from Stuart by lowering the sales price to $120 per customer b. Reconstruct Stuart's income statement, assuming that it serves 172 customers when it lures 86 customers away from Thornton by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Reconstruct Thornton's income statement, assuming that it serves 172 customers when it lures 86 customers away from Stuart by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabs below. Reconstruct Stuart's income statement, assuming that it serves 172 customers when it fures 86 customers away from Thornton by lowering the sales price to $120 per customer

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