The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $400,000 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 $3.50. The income tax rate is 30%. Target net income is $140,000. Requirements 1. Compute the revenues needed to earn the target net income. 2. How many customers are needed to break even? To earn net income of $140,000? 3. Compute net income if the number of customers is 150,000. Requirement 1. Compute the revenues needed to earn the target net income. Using the equation method, select the basic formula used to compute the revenues needed to earn the target net income. Variable costs Fixed costs = Target net income + 1-Tax rate $ Revenues The revenues needed to earn the target net income is $ 1,020,000 Requirement 2. How many customers are needed to break even? To earn net income of $140,000? Determine the formula that is used to compute how many customers are needed to break even, then compute the number of customers needed. Contribution margin per customer = Customers needed to break even 5.00 80,000 $ Fixed costs 400,000 $. Determine the formula that is used to compute how many customers are needed to earn net income of $140,000, then compute the number of customers needed. Sales check per customer 8.50 Customers needed to earn $140,000 120,000 - Total revenues 1,016,949 Requirement 3. Compute net income if the number of customers is 150,000. Determine the formula that is used to compute the net income when the number of customers is 150,000, then compute the net income. Net income +

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Required information [The following information applies to the questions displayed below.] Consider the following narrative describing the process of filling a customer's order at a Starbucks branch: Identify the start and end events and the activities in the following narrative, and then draw the business process model using BPMN: the Starbucks customer entered the drive-through lane and stopped to review the menu. He then ordered a Venti coffee of the day and a blueberry muffin from the barista. The barista recorded the order in the cash register. While the customer drove to the window, the barista filled a Venti cup with coffee, put a lid on it, and retrieved the muffin from the pastry case and placed it in a bag. The barista handed the bag with the muffin and the hot coffee to the customer. The customer has an option to pay with cash, credit card, or Starbucks gift card. The customer paid with a gift card. The barista recorded the payment and returned the card along with the…

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please see attached problem

What information is required in a proxy statement?