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The Happy Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $430,500 per year. Service
The Happy Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $430,500 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.75. The average cost of food and other variable costs for each customer is $3.50. The income tax rate is 30%. Target net income is $117,600.
Options: change in net income, contribution margin, fixed costs, original target net income, total revenues, variable costs
Determine the formula that is used to compute the net income when the number of customers is 170,000 , then compute the net income. = Net income =Step by Step Solution
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