At the Virtual Cafe, the average price per meal sold is $20 with an average variable cost at 45% of the price. Fixed costs for July are expected to be $65,000. If the restaurant manager expects to sell 5,000 meals in July, the taxable income (EBT) of the month would be:

$5,000

$10,000

-$5,000 (loss)

-$10,000 (loss)

The University Golf Shop desires to make $10,000 on its taxable income (EBT). If the contribution margin is 50% of the revenues, and the fixed costs are $110,000; what is the required amount of revenues?

$20,000

$200,000

$220,000

$240,000