CVP analysis, income taxes. 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. Jau Compute the revenues needed to earn the target net income. How many customers are needed to break even? To earn net income of $117,600? Compute net income if the number of customers is 170,000. 1. 2. 162 3.
CVP analysis, income taxes. 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. Jau Compute the revenues needed to earn the target net income. How many customers are needed to break even? To earn net income of $117,600? Compute net income if the number of customers is 170,000. 1. 2. 162 3.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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