Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you please add the formulas too. Thank you The Home Style Eats has two restaurants that are open 24 hours a day, Feed costs

image text in transcribed
can you please add the formulas too. Thank you
image text in transcribed
image text in transcribed
The Home Style Eats has two restaurants that are open 24 hours a day, Feed costs for the two restaurants together $450.500 per your Service varies from a cup of coffee to verge cost of food and other variable costs for each customer is $9.50. The income tax rate is 36%. Target of home is 3117 000 me. The vergewe check per customers.75. The Requirements 1 Cortevens de am the one income 2. How many customers are needed to break even? To eam renome of $117,6002 3. Compute net income the number of customers is 170.000 Requirement 1. Compute the revenues needed to the target net income Using the equation method, select the basic formin used to compute the ever needed to The revenues needed to earn the target net income is 5 Requirement 2. How many customers are needed to break even? To earn net income of $117,6007 Determine the formula that is used to computer how many customer are needed to break even the mouth Determine the formula that is used to compute how many customers are needed to earn net income of $117.000, then compute the - Customers needed to cam $117,600 Requirement Compus net income the number of womers is 170.000 Determine the formularised to compute the net income when the number of customers is 170,000, the compute the The Home Style Eats has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $430,500 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.75. The average cost of food and other variable costs for each customer is $3.50. The income tax rate is 36%. Target net income is $117,600. Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To earn net income of $117,6007 3. Compute net income if the number of customers is 170,000. Requirement 1. Compute the revenues needed to earn the target net income. Using the equation method, select the basic formula used to compute the revenues needed to earn the target net income. The revenues needed to earn the target net income is $ . Requirement 2. How many customers are needed to break even? To earn net income of 117.600? Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed. - Customers needed to break even Determine the formula that is used to compute how many customers are needed to earn net income of $117.600, then compute the number of customers needed = Customers needed to earn $117,600 Choose from any list or enter any number in the input fields and then continue to the next question The Home Style Eats has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $130,500 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.75. The average cost of food and other variable costs for each customer is $3.50. The income tax mate is 36%. Target not income is $117,600. Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To eam net income of $117,6007 3. Compute net income if the number of customers is 170,000. Requirement 2. How many customers are needed to break even? To earn net income of $117,600? Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed. - Customers needed to break even Determine the formula that is used to compute how many customers are needed to earn net income of $117,600, then compute the number of customers needed - Customers needed to cam $117,600 Requirement 3. Compute net income if the number of customers is 170,000. Determine the formula that is used to compute the net income when the number of customers is 170,000, then compute the net income - Net income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Avoid IRS Audits

Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.

1st Edition

1530746477, 978-1530746477

More Books

Students also viewed these Accounting questions