Crossfire company segments its business into two regions—east and west. the company prepared a contribution format segmented income statement as shown below: total company east west sales $ 900,000 $ 600,000 $ 300,000 variable expenses 675,000 480,000 195,000 contribution margin 225,000 120,000 105,000 traceable fixed expenses 141,000 50,000 91,000 segment margin 84,000 $ 70,000 $ 14,000 common fixed expenses 59,000 net operating income $ 25,000 required: 1. compute the companywide break-even point in dollar sales. 2. compute the break-even point in dollar sales for the east region. 3. compute the break-even point in dollar sales for the west region. 4. prepare a new segmented income statement based on the break-even dollar sales that you computed in requirements 2 and 3. use the same format as shown above. what is crossfire’s net operating income (loss) in your new segmented income statement

In march 2018, the phillips tool company signed two purchase commitments. the first commitment requires phillips to purchase inventory for $110,000 by june 15, 2018. the second commitment requires the company to purchase inventory for $160,000 by august 20, 2018. the company's fiscal year-end is june 30. phillips uses a periodic inventory system. the first commitment is exercised on june 15, 2018, when the market price of the inventory purchased was $90,000. the second commitment was exercised on august 20, 2018, when the market price of the inventory purchased was $125,000. required: prepare the journal entries required on june 15, june 30, and august 20, 2018, to account for the two purchase commitments. assume that the market price of the inventory related to the outstanding purchase commitment was $144,000 at june 30. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)