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Compute the revenue needed to earn the target net income

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Question - The Rapid Meal 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 bills per customer is $8. The average cost of food and other variable costs for each customer is $3.20. The income tax is 30%. Target net income is $105,000. Compute the revenue needed to earn the target net income.

Reference no: EM133060950

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