Question 4 (6 points) The Rapid Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restauran
Posted: Fri Jul 01, 2022 8:46 am
Question 4 (6 points)
The Rapid Meal has two restaurants that are open 24 hours a day.Fixed costs for the two restaurants together total $ 450,000per year.
Service varies from a cup of coffee to full meals. The averagesales bills per customer is $8.
The average cost of food and other variable costs for eachcustomer is $3.20. The income tax is 30%. Target net income is$105,000.
The Rapid Meal has two restaurants that are open 24 hours a day.Fixed costs for the two restaurants together total $ 450,000per year.
Service varies from a cup of coffee to full meals. The averagesales bills per customer is $8.
The average cost of food and other variable costs for eachcustomer is $3.20. The income tax is 30%. Target net income is$105,000.