The Express Banquet Express Banquet has two restaurants that are open $24$ hours a day. Fixed costs for the two restaurants together total$$495,000$ per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $ $8\mathrm{.}25$$.$ The average cost of food and other variable costs for each customer is $ $3\mathrm{.}30$$$3\mathrm{.}30.$ The income tax rate is $3030\%.$ Target net income is $ $138,600.$

Requirements

$1.$ Compute the revenues needed to earn the target net income.

$2.$ How many customers are needed to break even? To earn net income of $ $38,600?$

$3.$ Compute net income if the number of customers is $45,000.$

Answer rating: 100% (QA)

1 To compute the revenues needed to earn the target net income Target Net Income 138600 Lets denote ... View the full answer