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*PLEASE SHOW CORRECT ANSWERS AND COMPLETE WORK IN SAME FORMAT* The Grand Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals
*PLEASE SHOW CORRECT ANSWERS AND COMPLETE WORK IN SAME FORMAT*
The Grand Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals in a moderate price range. Paul Weld, the manager of Grand, has determined that during the last 2 years the sales mix and contribution margin ratio of its offerings are as follows. Paul is considering a variety of options to try to improve the profitability of the restaurant. His goal is to generate a target net income of $118,000. The company has fixed costs of $1, 270,000 per year. Calculate the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net incomeStep by Step Solution
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