What is McDonald’s contribution margin
What is McDonald’s contribution margin 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 Answer the following questions:Assume that the variable … Read more