I need help solving requirements 1, 2 and 3. Question is below! CoursHeroTranscribedText: The Express...
80.2K
Verified Solution
Link Copied!
Question
Accounting
I need help solving requirements 1, 2 and 3. Question is below!
CoursHeroTranscribedText: The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $456,000 per year. Service varies from a cup of coee to full meals. The average sales check per customer is $9.50. The average cost of food and other variable costs tor each customer is $3.80. The income tax rate is 30%. Target net income is $159,600. Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To eam net income of $159,600? 3. Compute net income if the number of customers is 170.000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
