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Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000...

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Accounting

Total sales amount to $2,000,000

Food generates 75% of total sales

Food cost is $500,000

Beverages generated sales of $300,000 with a CMR of 0.85

The gift store generated the remaining sales at a cost of 30%

Tax rate is 27%

Annual fixed costs total $1,500,000

Using this information, answer the following questions:

1. What are the total sales required?

A. 3,500,500.15

B. 4,256,360.07

C. $2,142,857.14

Answer & Explanation Solved by verified expert
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