The Coffee Club sells specialist coffee drinks from a rented cart on the beachside on...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The Coffee Club sells specialist coffee drinks from a rented cart on the beachside on the Gold Coast. Provided below is a summarised version of the income statement for July 2016
| Sales revenue | $7,500 | |||
| Less: Expenses | ||||
| Cost of beverages | $750 | |||
| Cost of napkins | 750 | |||
| Rent of cart | 750 | |||
| Wages | 375 | |||
| Total expenses | 2,625 | |||
| Profit | $4,875 |
(a) Calculate the contribution margin ratio. (Round answer to the nearest whole number.)
Contribution margin ratio %
(b) calculate the breakeven sales in dollars ?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.