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Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independant questions.
Sales = $863,000
Fixed Cost = $592,000
Total Variable Cost = $203,490
Total Cost = $795,490
Net Income = $67,510
a) How much is the contribution margin and contribution rate? (type an integer or a decimal.)
b) To break even, the business needs sales to be $? (round up to the nearest cent as needed.)
c) If the business was to spend $25,000 to upgrade their processes, it would need sales to be $__ to break even. (round up to the nearest cent as needed.)
d) If 5% more meals were sold, the resulting net income would be $___ (type an integer or decimal.)
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Using the information below -- what was Bala Industries’ Cash Flow from Financing for the year ending 6/30/2011? Increase in inventories $32 Purchased treasury stock $17 Purchased property & equipment $23 Net Income $331 Decrease in accrued income ta..
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