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Question - Contribution Margin and Contribution Margin Ratio - For a recent year, Mcdonald's Company-owned restaurants had the following sales and expenses (in millions):
Sales
$33,300
Food and packaging
$12,324
Payroll
8,400
Occupancy (rent, depreciation, etc.)
6,776
General, selling, and administrative expenses
4,800
$32,300
Income from operations
$1,000
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
Required -
a. What Is Mcdonald's contribution margin?
b. What is Mcdonald's contribution margin ratio?
c. How much would income from operations increase if same-store sales Increased by $2,000 million for the coming year, with no change in the contribution margin ratio or fixed costs?
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