Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please use 6 digits after decimal Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions.
please use 6 digits after decimal
Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions. $905,000 Sales Fixed cost Total variable cost Total cost Net income $525,000 230,430 755,430 $149,570 (a) How much is the contribution margin and the contribution rate? (b) How much does the business need to sell to break even? (c) If the business was to spend $24,000 to upgrade their processes, how much does the business need to sell to break even? (d) If 4% more meals were sold, what would be the resulting net incomeStep 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