1. What is the break-even point for this establishment? 2. If the restaurant wanted to make a profit of $70,000 based on these numbers, how much would have to be sold? 3. If sales rose to $700,000, what would profit increase to?

Question

13-08-2020
Business

contestada

1. What is the break-even point for this establishment? 2. If the restaurant wanted to make a profit of $70,000 based on these numbers, how much would have to be sold? 3. If sales rose to $700,000, what would profit increase to?

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sadddamkashmiri801 sadddamkashmiri801 · Answer 1 · 2020-08-13T07:11:33+02:00

Answer:

I wasn't able to access the full question, but I am writing down all the formulas that would be used to solve the questions.

Explanation:

Requirement 1.

The Breakeven Point would be calculated using the following formula:

Breakeven Point = Fixed Cost / (Selling Price per Unit - Variable Cost per Unit)

Requirement 2.

The target profit will require the company to achieve certain number of units to be sold. The level of units can be calculated using the following formula:

Units Sold For Desired Profit (Units) = (Fixed Cost + Target Profit) / (Selling Price per Unit - Variable Cost per Unit)

Requirement 3.

If we multiply selling price on the both sides of requirement 2 formula then we have following formula:

Sales ($) = (Fixed Cost + Target Profit) * Selling Price / (Selling Price per Unit - Variable Cost per Unit)

Now we can calculate the Target profit which will only be the variable unknown.