business

You won the lottery of 1.5 million dollars. You decided to invest 500,000 in a retirement account but wanted to satisfy a dream to own your own 45 STAR restaurant with specialty beer and wine, and a location has been identified where you believe the business will thrive. For starters, the fixed costs, including management salaries, utilities, interest, license fees, and property taxes, were identified and estimated at $600,000 per year. The average variable cost per meal is estimated at $25. These meals would be sold for an average of $40 each Complete (fill in the blanks) the break-even analysis chart for your proposed business. 15,000 30,000 40,000 50,000 60,000 Total Revenue (540) $0 $600,000 $1,600,000 $2,400,000 Fixed Costs $600,000 600,000 Variable Costs ($25) $750.000 $1,250,000 $1.500.000 Total Costs $600,000 $975,000 $1,350,000 $1,600,000 $1,850,000 $1,500,000 Total Costs $600,000 $975,000 $1,350,000 $1,600,000 $1,850,000 $1,500,000 Profit (Loss) ($600,000) ($150,000) $150,000 $900,000