Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000...
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Accounting
Total sales amount to $2,000,000
Food generates 75% of total sales
Food cost is $500,000
Beverages generated sales of $300,000 with a CMR of 0.85
The gift store generated the remaining sales at a cost of 30%
Tax rate is 27%
Annual fixed costs total $1,500,000
Using this information, answer the following questions:
1. What are the total sales required?
A. 3,500,500.15
B. 4,256,360.07
C. $2,142,857.14
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