The Express Meal has two testuarants that are open 24 hours a day. Fixed costs for the two restuarants together total $459,000 per year. service varies from a cup of coffee to full meals. The average sales check per customer is $8.50. Average cost of food and ithet variablr costs for each customer is $3.40. The income tax rate is 30%. Target net income is $107,000.

1.compute the revenues needed to earn the target net income

2.how many customers are needed to break even? to earn net income if $107,000?

3. Compute net income if the number of customers is 130,000

1 of 1 This Quiz: 5 pts pos: Question Help The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $459,000 per year. Service varies from a cup o coffee to full meals. The average sales check per customer is $8.50. The average cost of food and other variable costs for each customer is $3.40. The income tax rat is 30%. Target net income is $107,100. Requirements 1. Compute the revenues needed to earn the target net income 2. How many customers are needed to break even? To eam net income of $107,100? 3. Compute net income if the number of customers is 130,000 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 eam the target net income. opt The revenues needed to earn the target net income is $ mapty Requirement 2. How many customers are needed to break even? To eam net income of $107, 100? Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed Customers needed to break even Chapte Chapte Determine the formula that is used to compute how many customers are needed to earn net income of $107, 100, then compute the number of customers needed. Customers needed to earn $107,100 Chapte Chapte Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Chapter Chapter 3 Assignment 5 Question Help The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total 5459,000 per year Service varies from a cup of coffee to full meals. The average sales check per customer is $8.50. The average cost of food and other variable costs for each customer is $3.40. The income tax rate is 30%. Target net income is $107,100. nimed Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To eam net income of $107.100? Chapte 3. Compute net income if the number of customers is 130,000 Chap 1 Requirement 2. How many customers are needed to break even? To earn net income of $107.1007 Determine the formula that is used to compute how many customers are needed to break even then compute the number of customers needed = Customers needed to break even Chapt Chapte Determine the formula that is used to compute how many customers are needed to earn net income of $107 100, then compute the number of customers needed - Customers needed to eam 5107, 100 Chapt Chapte Requirement 3. Compute net income if the number of customers is 130.000 Determine the formula that is used to compute the net income when the number of customers is 130,000, then compute the net income Net income Chapte 0 m Chapte Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Chapter 20 pm Chapter 3 Assignments 3/20 pm hp