Consider a pub-style restaurant, Azura. The restaurant serves full meals and beverages including specialty coffees and cocktails. The following information is available related to its financials:

Fixed Cost: 1237500

Average sale bill per customer including food and drink $ 22

average variable cost per customer including food and drink $ 8.80

Income tax rate : 30%

Target net income : 288750

REQUIRED:

1. How much revenue is needed to earn their target net income of $288,750? (5 marks)
2. How many customers are needed to earn their target net income of $288,750? (5 marks)
3. How many customers are needed to break-even? (5 marks)

4. If they receive 150,000 customers, what will be the corresponding net income?