For a recent year, mcdonald's company-owned restaurants had the following sales and expenses (in millions):
sales $19,000
food and packaging $8,140
payroll 4,800 occupancy (rent, depreciation, etc.) 2,690
general, selling, and administrative expenses 2,800
$18,430
income from operations $570
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).

What two elements normally must exist before a person can be held liable for a crime

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?