Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Just for question D? Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions. $950.000 Sales
Just for question D?
Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions. $950.000 Sales Fixed cost Total variable cost Total cost Net income $581,000 225.990 806.990 $143,010 (a) How much is the contribution margin and the contribution rate? (b) How much does the business need to sell to break even? (Sul the business was to bend 522020 to uparade their processes, how much does the business need to sell to break even? (c) If the business was to spend $22,000 to upgrade their processes, it would need sales to be $ 791218.35 to break even. (Round up to the nearest cent as needed.) (d) If 7% more meals were sold, the resulting net income would be $0 (Type an integer or a decimal.)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