The Express Meal has two restaraunts that are open 24 hours a day. Fixed costs for...
The Swift Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $459,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.50. The average cost of food and other variable costs for each customer is $3.40. The income tax rate is 30%. Target net income is $107,100. Requirements 1. Compute the revenues needed to earn the target net income. 2....
The Rapid MealRapid Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $ 459 comma 000$459,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $ 8.50$8.50. The average cost of food and other variable costs for each customer is $ 3.40$3.40. The income tax rate is 3030%. Target net income is $ 107 comma 100$107,100. Requirements 1. Compute the...
The Rapid Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $459,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.50. The average cost of food and other variable costs for each customer is $3.40. The income tax rate is 30%. Target net income is $107,100. Requirements 1. Compute the revenues needed to earn the target net income. 2....
The Rapid Meal has two restaurants that are open 24 hours a day. Fored costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee toilets. The average sales check per customer is $9.50. The average cost of food and other variable costs for each customer is 5380. The income tax rate is 30%. Target net income is 5160,000 Requirements 1. Compute the revenues needed to eam the target net income. 2. How many...
(Q.6) The Express Banquet has two restaurants that are open 24-hours a day. Fixed costs for the two restaurants together total $459,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $8.50. The average cost of food and other variable costs for each customer is $3.40. The income tax rate is 30%. Target net income is S107.100. Questions: 1. Compute the revenues needed to earn the target net income. 2....
The Express BanquetExpress Banquet has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $ 8.00.The average cost of food and other variable costs for each customer is $ 3.20 The income tax rate is 30%. Target net income is $105,000. Requirements 1. Compute the revenues needed to earn the target net...
The Express Banquet has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $509,000 per year. Service varies from a cup of coffee to full meals. The average sales bill per customer is $9.50. The average cost of food and other variable costs for each customer is $3.80. The income tax rate is 30%. Target net income is $122,500. Required 1. Compute the revenues needed to earn the target net income. 2....
0,10 TU pts 3 E3-27 (similar to) Question Help 0 The Rapid Meal has two restaurants that are open 24 hours a day. Faed costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee to al meals. The werage sales check per customer is $9.50. The average cost of food and other variable costs for each customers $3.80. The income tax rate is 30%. Target net income is 5150,000 Requirements 1. Compute the...
(0.6) The Express Banquet has tu restaurants together total $459.000 pe average sales check per customer nquet has two restaurants that are open 24-hours a day. Fixed costs for the tu total $459.000 per year. Service varies from a cup of coffee to full meals. The customer is $3.40. The income tax rate is 30%. Target net income is neck per customer is $8.50. The average cost of food and other variable costs for each ome tax rate is 30%....
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. a. compute the contribution margin per unit and the contribution margin ratio b. compute total unfits and sales dollars needed to break even. c. compute total sales dollars needed to achieve a target operating...