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A restaurant has monthly sales revenue of $100,000, variable cost of $65,000, and fixed cost of $30,000. A part of the fixed cost is a
A restaurant has monthly sales revenue of $100,000, variable cost of $65,000, and fixed cost of $30,000. A part of the fixed cost is a $6,000 fixed rent per month.
If the owner switches from the $6,000 fixed rent to a variable rent of 6% of monthly revenue. If the owner wants an operating income of $20,000, what is the required revenue? (Round to the dollar)
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