Question 1 of 17. The average check of $6. Total variable costs are $+For Blank 8 e earned to achieve the desired rate of return5. Total revenue of $must be achieved4. To earn the required net income, a Gross Profit of $must be achieved.Added together, the total fixed and undistributed costs are $3. The given fixed costs added up to $, While the undistributed costs requiring calculation add up to $2. A pretax profit of $must be earned1. A net income of $must be earned to achieve the desired rate of returnBased on the information provided, fill in the blanks.REQUIRED:
To complete your answers please follow the instructions: . Round up or down to keep two decimals. Accordingly. . Use a period to determine decimals. i.e., 12345 67 Please do not use dollar signs $ or percentage signs %. Please record the numbers with only a decimal place, do not place a comma, distinguishing the thousands ie., Record 1000 not 1,000 Use only lower case letters. Van Morrison has invested $200,000 in a Concert Hall that seats 1,000 people. He knows that in the coming year, he will be able to mount 100 concerts, and is anticipating to sell 80% of the tickets. He would like to see a 10% after tax return on his investment this year. Van faces a personal tax rate of 35%. There are many costs involved in running a concert hall. Estimates include that variable costs will use up 45% of the revenue earned by the business. Annual fixed costs would be as follows: . Salaries $250,000 Insurance $20,000 . License $10,000 . Utilities $30,000 Also, depreciation on the building itself would be 10% of the buildings $500,000 book value. Part of Van's investment in the business came through a bank loan of $250,000, of which he will be paying 6% interest per year. REQUIRED: ? Based on the information provided, fill in the blanks. MacBook AirRemaining Time: 1 hour, 58 minutes, 12 seconds. Question Completion Status: REQUIRED: Based on the information provided, fill in the blanks. 1. A net income of $ must be earned to achieve the desired rate of return 2. A pretax profit of $ must be earned 3. The given fixed costs added up to $ , while the undistributed costs requiring calculation add up to $ Added together, the total fixed and undistributed costs are $ 4. To earn the required net income, a Gross Profit of $ must be achieved. 5. Total revenue of $ must be achieved. 6. Total variable costs are $ I 7. The average check of $ For Blank 8 e earned to achieve the desired rate of return. Question 1 of 1 A Click Submit to complete this assessment. Save and Submit 1:02 PM 6.C Mostly cloudy ~. 0 6 (x 4) ENG 11/4/2021 searchGD SN GBC | | | SST V com/ultra/courses/_232707_1/cl/outline Remaining Time: 1 hour, 58 minutes, 42 seconds. Question Completion Status: Van faces a personal tax rate of 35%. There are many costs involved in running a concert hall. Estimates include that variable costs will use up 45% of the revenue earned by the busi Annual fixed costs would be as follows: Salaries $250,000 . Insurance $20,000 . License $10,000 Utilities $30,000 Also, depreciation on the building itself would be 10% of the buildings $500,000 book value. Part of Van's investment in the business came through a bank loan of $250,000, of which he will be paying 6% interest per year. REQUIRED: Based on the information provided, fill in the blanks. 1. A net income of $ must be earned to achieve the desired rate of return 2. A pretax profit of $ must be earned 3. The given fixed costs added up to $ while the undistributed costs requiring calculation add up to $ Added together, the total fixed and undistributed costs are $ 4. To earn the required net income, a Gross Profit of $ must be achieved. 5. Total revenue of $ must be achieved. 8 hr 28 min (86%) remaining PM 6.C Mostly cloudy ~ DO IN ED (7. W ENG 11/4/2021
