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L 129/197:11 PM Homework: Chapter 3 Score: 0.76 of 1 pt E3-27 (algo) 1 of 5 (4 complete) HW Score: 70.77%, 3.54 of 5 pts Question Help The Swift Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $405,000 per year. Service varies from a cup of coffee to full meal. The average sales check per customer is $9.00. The average cost of food and other variable costs for each customer is $3.60. The income tax rate is 30%. Target net income is $161.200. Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To earn net income of $151.2007 3. Compute net income if the number of customers is 150,000 , L. FW Holy USLUFTICIS GIVEU IUDICAR ve TU COSTEL GOTT UTFLUV Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed. Fixed costs 1 Contribution margin per customer Customers needed to break even 405,000 $ 5.40 75,000 Determine the formula that is used to compute how many customers are needed to earn net income of $151,200, then compute the number of customers needed. Total revenues I Sales check per customer Customers needed to eam $161.200 1,035,000 $ 9.00 115,000 Requirement 3. Compute net income if the number of customers is 150,000 Determine the formula that is used to compute the net income when the number of customers is 150,000, then compute the net income. Net income Choose from any list or enter any number in the input fields and then click Check Answer Fint Check Clear All All parts showing

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