Prepare a contribution margin income statement to confirm the breakeven calculations.

A restaurant is being planned that will require an investment of $150,000 in equipment by the owner. The following shows forecasted variable cost percentages, and identifiable known costs (considered fixed and semifixed costs at start-up).

a. What is the breakeven level of sales revenue for the restaurant? Prepare a contribution margin income statement to confirm the breakeven calculations.

b. What required sales revenue is needed if the owner wants an 18% operating income (before-tax) return on investment? Prepare a contribution margin income statement to confirm the CVP calculations.

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Why didn’t Nichole Force assert a Title IX claim that she was being discriminated against by being prohibited from an activity (playing football) because of her sex?

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Consider the similarities and differences between racial and gender equity issues in sport.

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If you were the school’s principal, how, if at all, would you counsel the coach?

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