Question: A 100-seat restaurant serving dinner only is preparing an operating budget for the coming year. The average check is $18.50, with an average seat turnover

A 100-seat restaurant serving dinner only is preparing an operating budget for the coming year. The average check is $18.50, with an average seat turnover of 1.75. Variable costs average 52 percent of sales revenue and fixed costs are $219,580 per year. The restaurant operates 270 days per year. Tax rate is 10 %. Determine net income

180,000

175,580

159,618

200,000

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