Could not ever know where your money is going along with your assets or liabilities. you should be able to know the different components like assets, liabilities and capital. although that there as an accountant for the company, as a manager you should at least be able to know where your money is going. people do make mistakes so being able to double check and understands what is going on in a financial statement is a necessity.

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)