RES-22 (similar to) Question Help * The Rapid Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $451,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8 20. The average cost of food and other variable costs for each customer is $4.10. The income tax rate is 30%. Target net income is $114,800 Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To earn net income of $114,8007 3. Compute net income if the number of customers is 160,000 Requirement 1. Compute the revenues needed to earn the target net income Using the equation method, select the basic formula used to compute the revenues needed to ean the target net income. Fixed costsTarget net income1- Tax rate Revenues Variable costs The revenues needed to earn the target net income is $ Enter any number in the edit fields and then click Check Answer Clear All Final Check remaining on