Accounting / Academic Writing / segment Reporting and Decision Making

Need support with Segment Reporting and Decision Making assignment I will provide the full details in private Example: The most recent monthly contribution format income statement for XYZ Company is given below: XYZ Company Income Statement For the Month Ended May 31 Revenues . . . . . . . . . . . . . . . . . . . . . . $ 900,000 100.0% Variable expenses . . . . . . . . . . . . 408,000 45.3 Contribution margin . . . . . . . . . . . 492,000 54.7 Fixed expenses . . . . . . . . . . . . . . 465,000 51.7 Net operating income . . . . . . . . . $ 27,000 3.0% Management is disappointed with the company’s performance and is wondering what can be done to improve profits. Required: A. Prepare contribution format segmented income statements, first showing the total company broken down between sales territories and then showing the Central Territory broken down by division line. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of Revenues. B. Prepare and submit as your response to this assignment, a memo to XYZ CEO, Wendy W. Webb, including the statements required in point “A” above, detailing the following: 2 1. Explain the purpose of each statement and the information it is mean to convey. 2. Provide your analysis of the statement you have prepared showing the total company segmented by sales territory. Elaborate on those points revealed by this statement which you consider should be brought to Wendy’s attention. State the actions you would recommend to improve the company’s results after analyzing this statement. 3. Provide your analysis of the statement you have prepared showing the Central Territory segmented by divisions. Elaborate on those points revealed by this statement which you consider should be brought to Wendy’s attention. State the actions you would recommend to improve the company’s results after analyzing this statement.