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Problem 2 Un-jumble the following income statement and answer the questions below: 1. Construct the Sales Cost Volume Equation using the figures from the income
Problem 2 Un-jumble the following income statement and answer the questions below: 1. Construct the Sales Cost Volume Equation using the figures from the income statement. 2. What is VR? 3. What is CR? 4. What is the Contribution Margin in Dollars? 5. What is Break-Even in Dollars? 6. What is Sales in Dollars if the Profit is 25,000 ? 7. If the average sale per customer were 35.00, how many covers would be needed to break even? 8. If the average sale per customer was 35.00 how many covers would be needed to achieve the profit in question 6
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