subject
Business, 24.04.2020 22:00 JLapworth1130

Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $27,500 Food and packaging $8,000 Payroll 6,900 Occupancy (rent, depreciation, etc.) 7,780 General, selling, and administrative expenses 4,000 $26,680 Income from operations $820 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ million b. What is Wicker Company's contribution margin ratio? Round to one decimal place. % c. How much would income from operations increase if same-store sales increased by $1,700 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. $ million

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 23:00
Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.
Answers: 2
question
Business, 22.06.2019 05:00
Which of the following are considered needs? check all that apply
Answers: 1
question
Business, 22.06.2019 07:30
Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions
Answers: 3
question
Business, 22.06.2019 09:00
Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.
Answers: 1
You know the right answer?
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurant...
Questions
question
Computers and Technology, 12.12.2020 16:30
question
English, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
question
Mathematics, 12.12.2020 16:30
Questions on the website: 13722361