GC Hotel Holding Company has 2 hotel chains: a luxury chain and an economy chain. The luxury chain represents 80% of its revenue, and provides a contribution margin ratio of 40%. The economy chain provides 20% of its revenue, and provides a 50% contribution margin ratio. The company's fixed costs are $8,400,000

1) What is the weighted average contribution margin ratio?

2) What is the breakeven sales in dollars? $

3) To achieve breakeven for the company, what is the revenue the luxury chain must achieve? $

4) To achieve breakeven for the company, what is the revenue the economy chain must achieve? $

5) If the company has a desired income of $1,260,000, what amount of revenue would CG Hotel Holding Company earn from the economy chain if they achieve this goal with the current sales mix? $

No need to write down the $ sign or % sign. No need to write the thousand separator. e.g. if your answer is 56%, write 56 in the blank. If your answer is $9,999, write 9999 in the blank.