Lily Juda owns and operates a restaurant. Her fixed costs are $24,000 per month. She serves luncheons and dinners. The average total bili (excluding tax and tip) is $21 per customer. Juda's present variable costs average $11.40 per meal. Read the requirements Requirement 1. How many meals must she serve to attain a profit before taxes of $7,200 per month? Determine the formula used to calculate the target number of meals, then calculate how many meals must be served to attain a profit before taxes of $7,200 per month. Fixed costs = Target # of meals ) Requirement 2. What is the break-even point in number of meals served per month? Determine the formula used to calculate the break-even point in number of meals, then calculate the number of meals that are needed to be served per month to break even Break-even # of meals Requirement 3. Suppose Juda's rent and other fixed costs rise to a total of $32,580 per month and variable costs also rise to $13.30 per meal. If Juda Increases her average price to $25, how many meals must she serve to make $7,200 profit per month? Determine the formula used to calculate the target number of meals, then calculate the target number of meals. 7 Targot # of meals Requirement 4. Assume the same situation described in requirement 3. Juda's accountant tells her she may lose 12% of her customers if she increases her prices. If this should happen, what would be Juda's profit per month? Assume that the restaurant had been serving 3,250 customers per month Choose from any list or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro Search or type URL % 3 $ 4 5 6 & 7 8 ( 9 0 Lily Juda owns and operates a restaurant . Her fixed costs are $24,000 per month. She serves luncheons and dinners. The average total bill (excluding tax and tip) is $21 per customer. Juda's present variable costs average $11.40 per meal. Read the requirements Break-even or meals Sprin Requirement 3. Suppose Juda's rent and other fixed costs rise to a total of $32,580 per month and variable costs also rise to $13.30 per meal. If Juda increases her average price to $25. how many meals must she serve to make $7.200 profit per month? Determine the formula used to calculate the target number of meals, then calculate the target number of meals. CL 1 = Target # of meals )4 Requirement 4. Assume the same situation described in requirement 3. Juda's accountant tells her she may lose 12% of her customers if she increases her prices. If this should happen, what would be Juda's profit per month? Assume that the restaurant had been serving 3,250 customers per month Determine the formula used to calculate the profit per month, then calculate the profit. Profit Requirement 5. Assume the same situation described in requirement 4. To help offset the anticipated 12% loss of customers, Juda hires a pianist to perform for 4 hours each night for $2,200 per month. Assume that this would increase the total monthly meals from 2,860 to 3,200. Would Juda's total profit change? By how much? At 3.200 customers per month, the profit would be $ Juda's total profit would V by s Choose from any list or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro D Search or type URL 3 4 5 6 & 7 00 * 9 0 Read the requirements. costs average $11.40 per meal. dinhers. The averag Break-even # of meals Requir meal. Requirements Determ Requid she ind 3,250 1. How many meals must she serve to attain a profit before taxes of $7,200 per month? 2. What is the break-even point in number of meals served per month? 3. Suppose Juda's rent and other fixed costs rise to a total of $32,580 per month and variable costs also rise to $13.30 per meal. If Juda increases her average price to $25, how many meals must she serve to make $7.200 profit per month? 4. Assume the same situation described in requirement 3. Juda's accountant tells her she may lose 12% of her customers if she increases her prices. If this should happen, what would be Juda's profit per month? Assume that the restaurant had been serving 3,250 customers per month. 5. Assume the same situation described in requirement 4. To help offset the anticipated 12% loss of customers, Juda hires a pianist to perform for 4 hours each night for $2,200 per month. Assume that this would increase the total monthly meals from 2,860 to 3,200. Would Juda's total profit change? By how much? me ng Detern Requir a piani 3,200. hires o to Print Done At 3,200 customers per month, the profit would be s Juda's total profit would by $D Choose from any list or enter any number in the input fields and then continue to the next question Save for Later