Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I need help with C Thank you TONOWIng sales and expenses tons) Sales $18,000 Food and packaging $7,060 4,500 Payroll Occupancy (rent, depreciation, etc.) General,

I need help with C
Thank you image text in transcribed
TONOWIng sales and expenses tons) Sales $18,000 Food and packaging $7,060 4,500 Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses 3,300 2,600 $17,460 Income from operations $540 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenes. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) 5,400 million b. What is McDonald's contribution margin ratio? 30 % C. How much would income from operations increase if same-store sales increased by $1,100 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million Check My Work Previous Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

How does the concept of hegemony relate to culture?

Answered: 1 week ago