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Font F Paragraph I The Arnold Family Restaurant is open 24 hour per day and serves breakfast, lunch, and dinner. The owner of the business
Font F Paragraph I The Arnold Family Restaurant is open 24 hour per day and serves breakfast, lunch, and dinner. The owner of the business has determined that fixed costs are $33,000 per month. Variable costs were estimated at $8.75 per meal. The average total bill (excluding tax and tip) is $11.50 per customer. Compute the breakeven point in meals. Compute the breakeven point in dollars of sales. Compute the number of meals that must be served to earn a profit of $ 14,000. Assume fixed costs increase to $45,000. How meals must be served if the restaurant is to break- even
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