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Compute total dollar sales needed to obtain target income

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Question - Rapid Meal Co. has two restaurants that are open 24 hours per day. Fixed costs for the two restaurants together is $450,000 per year. Service varies form a cup of coffee to full meals. The average sales check for each 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 after taxes is $105,000.

1) Compute the total dollar sales needed to obtain the target net income.

2) How many sales checks are needed to earn the target net income?

Reference no: EM132513508

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