Question: PROBLEM 3: What are the three sections of the Statement of Cash Flows? Explain each. 1. Skaket Company has the following product information: Selling price

PROBLEM 3: What are the three sections of the Statement of Cash Flows? Explain each. 1. Skaket Company has the following product information: Selling price $15.00 per unit Variable costs 10.00 per unit Fixed costs $75,000 Units sold 20,000 REQUIRED: 3 Prepare the Contribution Margin (CM) Income Statement b. Compute Contribution Margin Ratio (CM R) c. Compute the BEP in units d. Compute the Breakeven Point (BEP) in sales dollars e. If the price is increased by $1.00, what is the new Income from Operations prepare the CM Income Statement with the new price of $16

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