eztomheducationcom Ci / o \\ I' Iiil Week 5 Exercises 0 Saved Help Save 3: Exit Submit 5 834 polnts skipped References MC Graw Hill w Exercise 7-32 Continuation of Preceding Exercise (LO 7-4, 7-7) A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $1,800,000 Less: Variable expenses 1,020,000 Contribution margin $ 780,000 Less: Fixed expenses 540,000 Net income 35 240.000 Required: 1. Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and xed expenses increase by 50 percent. 2. Prepare a contributlon Income statement If the ratio of variable expenses to revenue doubles. There Is no change In the hotel's volume of activity. Fixed expenses decline by $160,000. Complete thls questlon by entering your answers In the tab: below. Required 2 Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and xed expenses increase by 50 percent. Revenue Less: Variable expenses Contribution margin (loss) Less: Fixed expenses O A ezto.mheducation.com C Practice Problems - Connect Problems 1 - Week 5 Assessment Proble... Logins | Alvernia University Week 5 Exercises - Connect Course Hero Homework Help - Q&A from On... Week 5 Exercises i Saved Help Save & Exit Submit Check my work 5 Exercise 7-32 Continuation of Preceding Exercise (LO 7-4, 7-7) A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) 8.34 points Revenue $1, 800, 0 Skipped Less: Variable expenses 1, 020, 000 Contribution margin 780, 000 Less: Fixed expenses 540, 000 Net income 240, 000 eBook Required: 1. Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and fixed expenses increase by 50 percent. 2. Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's Print volume of activity. Fixed expenses decline by $160,000. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $160,000. NANTUCKET INN Contribution Income Statement Revenue Less: Variable expenses 5 - Contribution margin (loss) $ Less: Fixed expenses $ Mc Graw Hill