The Home Style Eats 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 36%. Target net income is $117,600. 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 $117,600? 3. Compute net income if the number of customers is 170,000 Requirement 1. Compute the revenues needed to earn the target net incomo. Using the equation method, select the basic formula used to compute the revenues needed to earn the target net income Revenues - Variable costs Fixed costs Target net income The revenues needed to earn the target net income is $ 1023750 Requirement 2. How many customers are needed to break even? Tocam net income of $117,6007 Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed. Total revenues / Sales check per customer Customers needed to break even Determine the formula that is used to compute how many customers are needed to earn net income of $117,600, then compute the number of customers needed - Customers needed to earn $117.500 Choose from any list or enter any number in the input fields and then continue to the next