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show all work please! Mickey's Restaurant had a net income last year of $40,000 after fixed costs of $130,000 and total variable costs of $80,000.
show all work please!
Mickey's Restaurant had a net income last year of $40,000 after fixed costs of $130,000 and total variable costs of $80,000. a. What was the restaurant's break-even point in sales dollars? (Round your answer to 2 decimal places.) Break-even point $ b. If fixed costs in the current year rise to $140,000 and variable costs remain at the same percentage of sales as for last year, what will be the break-even point? (Round your answer to 2 decimal places.) Break-even point $ c. With fixed costs of $140,000, what sales in the current year will result in a profit of $50,000? (Round your answer to 2 decimal places.) Sales $Step by Step Solution
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