For the coming year, Cleves Company anticipates a unit selling price of $112, a unit...
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Accounting
For the coming year, Cleves Company anticipates a unit selling price of $112, a unit variable cost of $56, and fixed costs of $638,400.
Required:
2. Compute the sales (units) required to realize income from operations of $347,200.
4. Determine the probable income (loss) from operations if sales total 18,200 units. If required, use the minus sign to indicate a loss.
For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions):
Sales | $29,800 |
Food and packaging | $11,342 |
Payroll | 7,500 |
Occupancy (rent, depreciation, etc.) | 5,768 |
General, selling, and administrative expenses | 4,300 |
| $28,910 |
Income from operations | $890 |
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
I only need help with c:
How much would income from operations increase if same-store sales increased by $1,800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million
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