The Express Banquet has two restaurants that are open $24$ hours a day. Fixed costs for the two restaurants together total $$450,000$ per year. Service varies from a cup of

coffee to full meals. The average sales bill per customer is $$8\mathrm{.}00.$ The average cost of food and other variable costs for each customer is $$3\mathrm{.}20.$ The income tax rate is

$30\%.$ Target net income is $$105,000.$

Required

Compute the revenue needed to earn the target net income.

How many customers are needed to earn net income of $$105,000?$ How many customers are needed to break even?

Compute net income if the number of customers is $170,000.$

Requirement $1.$ Using the equation method, select the basic formula used to compute the revenue needed to earn the target net income.