Maurice Tutor

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Category > Accounting Posted 19 Aug 2017 My Price 8.00

McDonald’s company-

Contribution margin and contribution margin ratio

 

For a recent year, McDonald’s company-owned restaurants had the following sales and expenses  (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

$18,602.5

Food and packaging

$  6,318.2

Payroll

4,710.3

Occupancy (rent, depreciation, etc.)

4,195.2

SHOW                                                                         General, selling, and administrative expenses

     2,445.2

 
 

  17,668.9

Income  from operations                                                                 $       933.6

 

 

Assume that the variable costs consist of food and packaging, payroll, and 40% of the general,  selling,  and  administrative expenses.

 

a.     What is McDonald’s contribution margin? Round to the nearest tenth of a million (one decimal place).

 

b.     What is McDonald’s contribution margin ratio? Round to one decimal place.

 

c.     How much would income from operations increase if same-store sales increased by

 

$900 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 11:08 PM My Price 8.00

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