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Projected financial results for the university's cafeteria for next year are shown. Answer each of...

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Finance

Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions.

Sales

$891,000

Fixed cost

$526,000

Total variable cost

224,610

Total cost

750,610

Net income

$140,390

(a) How much is the contribution margin and the contribution rate?

(b) How much does the business need to sell to break even?

(c) If the business was to spend

$24,000

to upgrade their processes, how much does the business need to sell to break even?(d) If

9%

more meals were sold, what would be the resulting net income?(a) The contribution margin is

$nothing.

(Type an integer or a decimal.)The contribution rate is

nothing%.

(Round to six decimal places as needed.)(b) To break even, the business needs sales to be

$nothing.

(Round up to the nearest cent as needed.)

(c) If the business was to spend

$24,000

to upgrade their processes, it would need sales to be

$nothing

to break even.

(Round up to the nearest cent as needed.)

(d) If

9%

more meals were sold, the resulting net income would be

$nothing.

(Type an integer or a decimal.)

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