Question: 1- Prepare a contribution margin income statement in good format. Include per unit and percentage columns where applicable. 2- Calculate the company's breakeven point in


1- Prepare a contribution margin income statement in good format. Include per unit and percentage columns where applicable. 2- Calculate the company's breakeven point in units. 3- Calculate the company's breakeven point in sales dollars. Round to nearest whole number. 4- Calculate the company's margin of safety percentage. Round to nearest whole number. Question 3: (20 points) The Selim Company has planned the following sales for the next three months: Sales are made 20% for cash and 80% on account. From experience, the company has learned that a month's sales on account are collected according to the following pattern: The company requires a minimum cash balance of $5,000 to start a month. The beginning cash balance in March is budgeted to be $6,000. The following additional information has been provided for March: Required: 1- Compute the budgeted cash receipts for March. 2. Prepare a cash budget in good form for the month of March, using this information and the budgeted cash receipts you computed for part (1) above. The company can borrow in any dollar amount and will not pay interest until April
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