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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's company-owned restaurants had the following sales and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Thelma is Information Technology Manager. Which of the following is an example of her line functions? O training new employees O voting on the board of directors O launching a new company O following through with an assigned task
Answers (1)
During 2018 , Doug incurs the following deductible expenses: $ 2,300 in state income taxes, $ 3,000 in local property taxes, $ 800 in medical expenses, and $ 2,000 in charitable contributions.
Answers (1)
Bond A has a 9% annual coupon, while Bond B has a 7% annual coupon. Both bonds have the same maturity, a face value of $1,000, an 8% yield to maturity, and are noncallable.
Answers (1)
Which of these statements best fits the description of social change? A. It is a harmful change in the evolution of a civilization. B. It is the change in pattern of human interactions and social structure. C.
Answers (1)
Agri Farm Ventures produces cases of food products. Each case contains an assortment of fruits, vegetables, and other fresh produce. Each case costs $5 and sells for $15.
Answers (2)
New Questions in Business
Which of the following are true? Select one or more: (a) The t-distribution is dependent on the sample size. (b) The t-distribution does not depend on the sample size.
Answers (1)
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 13.6 Process time 2.7 Inspection time 0.3 Move time 3.3 Queue time 7.0 The delivery cycle time was:
Answers (1)
During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible.
Answers (1)
How often is interest earned from bonds usually paid to the bond holder? 1) Every month 2) Once per year 3) Twice per year 4) Every two years
Answers (1)
Rexeleg Company manufactures a product with the following costs per unit at the expected production of 40,000 units: Direct materials $5 Direct labor 10 Variable overhead 7 Fixed overhead 9 The company has the capacity to produce 50,000 units.
Answers (1)