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. 1.Case Summary Your boss read a recent magazine article about income statements, but he was unclear about the differences between a traditional income statement and a contribution margin income statement. Explain the difference by a) presenting a sample format for each statement, b) describing the focus of each statement, and c) discussing how and by whom each statement is used. 2.Case Analysis Lowman Inc. sells a product with a sales price of $25 per unit, variable costs of $10 per unit, and total fixed costs of $100,000. Lowman is looking into implementing an aggressive advertising campaign that will cost $45,000. By what amount do sales dollars need to at least increase by in order for the company's overall profits to not decrease by having the advertising campaign?

Date Posted: 05/02/2020
Category: General
Due Date: 09/02/2020
Instruction
Both questions with references need to be 1000 words total there are two questions and need to be answered like there are two questions. two scholarly sources for both questions.
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