Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - 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
General, selling, and administrative
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.
Answer the following questions:
1. What is McDonald's contribution margin?
2. What is McDonald's contribution margin ratio?
3. 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?
Compute the ROI for each company. Use the DuPont method to decompose ROI into ROI = profit margin * asset turnover.
Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2015, balance sheet
cole corporation issued 400000 7 20-year bonds on january 1 2014 for 360727. this price resulted in an
However, Mrs. Vick is concerned that the contributions will be considered a gift of a future interest and result in a taxable gift. Which code section and subsection provide the gift tax treatment for contributions to a qualified tuition program?Desc..
during periods of rising prices a perpetual inventory system would result in the same dollar amount of ending inventory
Identify each of the adjustments Laser Recording Systems is discussing as one of the four types of possible adjustments discussed in the chapter. How is net income ultimately affected by each of the adjustments?
Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows: On the basis of the above..
Cash Budget Daniel Merrill is the manager of an airport gift shop, Merrill News and Gifts. From the following data, Mr. Merrill wants a cash budget showing.
Describe Deloittes accounting information system, discuss the purpose of the accounting information system
the shoe outlet has paid annual dividends of 0.65 0.70 0.72 and 0.75 per share over the last four years respectively.
land enterprises has purchased new equipment on a long-termpayment plan. the contract calls for land to pay 50000 at
on january 1 201 4 the krueger co. issued 140000 of 20 - year 8 bonds for 172000. interest was payable annually. the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd