Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer all questions pls Gonthution Margin and Contribution Marpin Rato For a receht year, McDooley's, a farnilyrowned group of restaurants, had the following sales and
answer all questions pls
Gonthution Margin and Contribution Marpin Rato For a receht year, McDooley's, a farnilyrowned group of restaurants, had the following sales and expenses: a. What is Meboclery's mertribution mitgin? x b. What it reoooley t mintroction mapgen fatio) Round your percentage answer to one decimal place. x=1 Assume that the variable cotts consist of food and papec, payroli and employee benefits, and 40 wh of the selling, generai, and administrative expenses. 3. What is Mecooley's contribotion margin? x b. What is Mebooley's cominaution matgin ratio? Mound your percentage answer to one decimal place. xye x d. What woulid have been the operating income ce lass for the recent vear if uples hud teen 16,700 moire Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started