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7. Concord Inc. had a bad year in 2019... ...

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Accounting

7. Concord Inc. had a bad year in 2019...
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Concord 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 80,000 units of product net sales $2,000,000; total costs and expenses $2,210,000; and net loss $210,000. Costs and expenses consisted of the following Management is considering the following independent alternatives for 2020. 1. Increase unit selling price 20% with no change in costs and expenses: 2. Change the compensation of satespersons from fixed annual sataries totaling $205,000 to total salaries of $42,000 plus a 5% commission on net sales. 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50.50. (a) Compute the break-even point in dollars for 2019. (Round contribution margin ratio to 4 decimal placeses, 0.2512 and final answer to 0 decimal places, e.g. 2,510.) Break-even point (b) Compute the break-even point in dollars under each of the alternative courses of action for 2020 . (Round contribution marsin ratio to 3 decimal ploces es. 0.251 and final answers to 0 decimal ploces, es. 2,510.) Which course of action do you recommend

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