Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) A restaurant has to pay rent every month for $12,000, depreciation on equipment for $4,000, salary for $45,000, and other fixed expenses for $40,000.

1.) A restaurant has to pay rent every month for $12,000, depreciation on equipment for $4,000, salary for $45,000, and other fixed expenses for $40,000. Its variable rate is 20%.

What is the needed revenue for next month in order for the restaurant to break even?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions