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Please check my answers and provide a detailed solution (preferably on paper). 6. Projected financial results for the university's cafeteria for next year are shown.
Please check my answers and provide a detailed solution (preferably on paper).
6. Projected financial results for the university's cafeteria for next year are shown. Answer each of the following questions. Check my answers and provide a detailed solution.
a) How much is the contribution margin and contribution rate? Type an integer or decimal for contribution margin and round to 6 decimal places as needed for contribution rate. (I got $637260 and 72.006780%)
b.) How much dors the business need to sell to break even? Round to the nearest cent as needed. (I got $805479.71)
c) If the business was to spend $24,000 to upgrade their processes, how much does the bysiness need to sell to break even? Round up to the nearest cent as needed. (I got $8388.10)
d) If 9% more meals were sold, the resulting net income would be? Type an integer or a decimal. (I got $114613.40)
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