CO%24onPyFor a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):SalesFood and packaging$12,720PayrollOccupancy (rent, depreciation, etc.)10,750General, selling, and administrative expenses000'$39,770Income from operations$1,230EET.AL...Assume that the variable costs consist of food and packaging; payroll; and 40% of the general, selling, and administrative expenses.a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in naslions of dollars.)15,580 millionb. What is Wicker Company's contribution margin ratio? Round your answer to one decimal place.C. How much would income from operations increase if same-store sales increased by $2,500 million for the coming year, with no change in thecontribution margin ratio or fixed costs? Round your answer to the closest million.3,730X million( PreviousNeCheck My Workitems46°F Ahere to searcha.2)(中岁Or144

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Answered: C. How much would income from…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,700 units at $300 each) Variable costs (10,700 units at $240 each) Contribution margin Fixed costs $3,210,000 2,568,000 642,000 504,000 $ 138,000 Pretax income If the company raises its selling price to $320 per unit. 1. Compute Hudson Co's contribution margin per unit. 2. Compute Hudson Co's contribution margin ratio. 3. Compute Hudson Co's break-even point in units. 4. Compute Hudson Co's break-even point in sales dollars. 1. Contribution margin per unit 2. Contribution margin ratio ... Next
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C. How much would income from operations increase if same-store sales increased by $2,500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. 3,730 X million Feedback Check My Work Previous Ne