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0,10 TU pts 3 E3-27 (similar to) Question Help 0 The Rapid Meal has two restaurants...


0,10 TU pts 3 E3-27 (similar to) Question Help 0 The Rapid Meal has two restaurants that are open 24 hours a day. Faed costs
0,10 TU pts 3 E3-27 (similar to) Question Help 0 The Rapid Meal has two restaurants that are open 24 hours a day. Faed costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee to al meals. The werage sales check per customer is $9.50. The average cost of food and other variable costs for each customers $3.80. The income tax rate is 30%. Target net income is 5150,000 Requirements 1. Compute the revenues needed to earn the target et income 2. How many customers are needed to break even? To sa net income of $150.600 3. Compute net income the number of customers is 130,000 Requirement 1. Compute the revenues needed to earn the target at income Using the equation method, select the basic formula used to compute the revenues needed to earn the target of income Ravenue Variable costs Fed cost - The net income 1 - Taxe The revenues needed to earn the target net income is 5
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A B с D E F G 1 2. 9.5 159600 30% 3 Sales per customer Variable cost Contribution margin 3.8 4 228000 5.7 5 Target net income

For calculation ref:

A B с D E F 1 2 9.5 3 Sales per customer Variable cost Contribution margin 3.8 4 =F2-F3 5 Target net income 159600 Tax rate 0

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