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A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $ 1,800,000
Less: Variable expenses 1,152,000
Contribution margin $ 648,000
Less: Fixed expenses 486,000
Net income $ 162,000
Required:
Problem 1. Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the income statement.
Problem 2. Suppose the hotel's revenue declines by 30 percent. Use the contribution-margin percentage to calculate the resulting decrease in net income.
Problem 3. What is the hotel's operating leverage factor when revenue is $1,800,000?
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