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Molson-Coors Brewing Company TAP reported the following operating information for a recent year in millions Sales $3568 Cost of goods sold 2164 Gross profit

Molson-Coors Brewing Company (TAP) reported the following operating information for a recent year (in millions): Sales ………………………………………… $3,568 Cost of goods sold …………………………. (2,164) Gross profit ……………………………………. $1,404 Marketing, general, and admin expenses ….. (1,052) Operating income… …………………………. $ 352* *Before special items………………………………… Assume that Molson-Coors sold 120 million barrels of beer during the year, variable costs were 70% of the cost of goods sold and 40% of marketing, general, and administrative expenses, and that the remaining costs are fixed. For the following year, assume that Molson-Coors expects pricing, variable costs per barrel, and fixed costs to remain constant, except that new distribution and general office facilities are expected to increase fixed costs by $100 million. Rounding to the nearest cent: a. Compute the break-even sales (barrels) for the current year. b. Compute the anticipated break-even sales (barrels) for the following year?

Apr 01 2020 View more View Less

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