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Lesson 3 questions 1. Based on the information below, update the cells with question marks by finding out the VR, CR, annual break even in

image text in transcribed Lesson 3 questions 1. Based on the information below, update the cells with question marks by finding out the VR, CR, annual break even in dollars, and annual break even in customers' number. In each cell with question mark insert the formula you will use and the full calculation, rounding all results, except of the number of customers, to two (.XX) decimal places unless they naturally rounds up to one decimal place or a whole number. Round the breakeven number of customers to a whole number. There is an Excel spreadsheet in the assignment 3 folder, and if you use it, just copy and paste your answer 2. Break-even analysis is a tool that almost any business can use for planning and evaluation purposes. It helps identify the level of necessary to achieve before the business starts generating profit. (Note: the length of blank space line does not correspond to the length of the correct answer.) Type the letter of the correct answer under the choices. A) sales B) expenses C) control D) flexibility Answer: 3. In 2022, Vancouver Heights Restaurant achieved only $23,000 in profit because it struggled to gain and retain a sufficient number of customers. The fixed costs in this period were $65,000 and the

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