The Express Banquet has two restaurants that are open $24$ hours a day. Fixed costs for the two restaurants together total $$484,000$ per year. Service varies from a cup of coffee to full mea average sales bill per customer is $$8\mathrm{.}75.$ The average cost of food and other variable costs for each customer is $$3\mathrm{.}50.$ The income tax rate is $30\%.$ Target net income is $$102,200.$

Required

Compute the revenue needed to earn the target net income.

How many customers are needed to earn net income of $$102,200?$ How many customers are needed to break even?

Compute net income if the number of customers is $155,000.$

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

The revenue needed to earn the target net income is $

Requirement $2.$ Determine the formula used to compute how many customers are needed to earn net income of $$102,200,$ and then compute the number of customers needed. $($Round your answer up to the nearest whole number.$)$

$=$ Customers needed to earn $$102,200$

$=$

Determine the formula used to compute how many customers are needed to break even, and then compute the number of customers needed. $($Round your answer up to the nearest whole num

$1=$ Customers needed to break even

l $=$

Requirement $3.$ Determine the formula that is used to compute the net income when the number of customers is $155,000,$ and then compute the net income. $=$

Net income

$+=$