How many covers would they need to serve each month, Financial Accounting

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How many covers would they need to serve each month

Problem

Sam and Sally want to invest $500,000 in new restaurant.
They need to achieve a 10% Return on that investment annually.
The restaurant has fixed costs of $5,000 per month.
Their estimated variable costs are 72%
Currently, their draft menu has an average check of $18.75.

How many covers would they need to serve each month in order to achieve their profit goal?

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Financial Accounting: How many covers would they need to serve each month

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Financial Accounting: How many covers would they need to serve each month

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