9. The Swift Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total average cost of food and other variable costs for each customer is $3.40, The income tax rate is 30%. Target net income is 2/21/2018 Chapter 3-Rads Narayanan $446,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.50. The $116,200. Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to earn net income of $116.2007 How many customers are needed to break even? 3, Compute net income if the number of customers is 165.000. Requirement 1. Using the equation method, select the basic formula used to compute the revenues needed to earn the target net income. (5) (4) (1) (2) (3) The revenues needed to eam the target net income is S Requirement 2. Determine the formula that is used to compute how many customers are needed to ean net income of $116,200, then compute the number of customers needed. (Round your answer up to the nearest whole number.) Customers needed to earn $116.200 (6) (7) Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed. (Round your answer up to the nearest whole number.) Customers needed to break even (8) (9) Requirement 3. Determine the formula that is used to compute the net income when the number of customers is 165,000, then compute the net income. (10) (11) Net income + (1) O O1-Tax rate O Contribution margin O Fixed costs O Revenues O Target net income O Tax rate O Variable costs (2) O O1-Tax rate O Contribution margin O Fixed costs O Revenues O Target net income O Tax rate O Variable costs (3) O O1-Tax rate O Contribution margin O Revenues O Target net income O Tax rate O Variable costs (4) O O1-Tax rate O Contribution margin O Fixed costs O Revenues O Target net income O Tax rate O Fixed costs O Variable costs (5) O O Revenues O Target net income O Tax rate O1-Tax rate O Contribution margin O Fixed costs O Variable costs