Question 46 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the...
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Question 46 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to make $18,750 profit, then how many meals should he sells to achieve this level of profit? OA) 2,750 Meals B) 3,250 Meals OC) 3,750 Meals D) 2,500 meals Question 46 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to make $18,750 profit, then how many meals should he sells to achieve this level of profit? OA) 2,750 Meals B) 3,250 Meals OC) 3,750 Meals D) 2,500 meals
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To solve this problem well use the basic profit formula Profit Revenue Expenses Here the revenue for ... View the full answer
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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