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Help! I got the first question, but need help with #2-7. Thank you! Ann has noticed a restaurant for lease. The restaurant would serve dinner

Help! I got the first question, but need help with #2-7.
Thank you! image text in transcribed
Ann has noticed a restaurant for lease. The restaurant would serve dinner Tuesday through Saturday. The restaurant has 10 tables each of which can seat four. The tables can be moved together to seat larger groups. The Couple is planning two seatings per evening. They plan to be open 50 weeks per year. Anne and Gilbert would like to earn a net income of 75,000. Below is an estimate of expenses 1. Compute the annual break-even number of meals. (show all work) 2. Compute the annual breakeven amount in sales revenue. (show all work) 3. How many meals must the couple serve each night to earn their target profit of $75,000 ? (Show all work) 4. If the couple added $250 in advertising costs per month what would the new annual break-even sales revenue be? 5. Refer to question 4 . If the advertising brought in 50 more customers (meals) per month, would it be a good choice to pay for advertising? Why or Why not? 6. Prepare an annual contribution margin income statement showing the target profit of $75,000. 7. Write a memo to Anne and Gilbert to discuss opening the restaurant. Should the couple open the restaurant? Support your answer using the calculations above. Your answer should be no less than 300 words

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