![subject](/tpl/images/cats/ekonomika.png)
Business, 19.03.2021 18:10 cheyennerondeau
Contribution Margin and Contribution Margin Ratio
For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions):
Sales $18,169.3
Food and packaging $ 6,129.7
Payroll 4,756.0
Occupancy (rent, depreciation, etc.) 4,402.6
General, selling, and administrative expenses 2,487.9
$17,776.2
Income from operations $ 393.1
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place).
b. What is McDonald's contribution margin ratio? Round to one decimal place.
c. How much would income from operations increase if same-store sales increased by $500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 21:20
Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 00:50
Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.
Answers: 1
You know the right answer?
Contribution Margin and Contribution Margin Ratio
For a recent year, McDonald's company-owned resta...
Questions
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 20.10.2021 07:10
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/en.png)
English, 20.10.2021 07:10
![question](/tpl/images/cats/User.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2021 07:10
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/istoriya.png)
History, 20.10.2021 07:10
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 20.10.2021 07:10
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 20.10.2021 07:10