A Aa A A Normal No Spacing Heading 1 Y Paragraph Styles 45 0 Editing Create Adi EX6-1: Bottom-up Pricing You own a 132-seat restaurant, which opens 6 days a week for 52 weeks of the year. The seat turnover per day is 2.2. You have the following projections about the costs for next year. You require an ROE of 18% on your $240,000 in a restaurant Tax rate: 28% Furniture & Equipment: Book value = $112,000, Depreciation = 20% per year Bank loan: Balance owed: $50,000, interest rate: 12% Insurance: $4,500 Licenses: $3,200 Utilities: $12,600 Maintenance: $1,200 Salary: $48,900 Cost of sales (food & beverage): 35% of sales revenue Wage: 33% of sales revenue Other variable costs: 8% of sales revenue Calculate the sales revenue and average check required to cover all restaurants expenses and profits for the next year. Show your work in the cells for full credits. Revenue Variable cost Contribution margin -Fixed cost Operating income Tax Accessibility: Investigate