Review Decision Case 1 (Steve and Linda Hom) starting on page 984 of your text. In your initial post, answer the two case questions;Compute the annual breakeven number of meals and sales revenue for the restaurant.;Compute the number of meals and the amount of sales revenue needed to earn operating income of $75,600 for the year.;In addition, address the following in one to two paragraphs;Identify and discuss several qualitative factors that should be considered in the decision process in addition to the quantitative data already computed in the case assignment.;What are the potential benefits of applying CVP analysis to business decision making?;Provide an example of another business scenario that could benefit from CVP analysis and explain how you would apply CVP analysis in the decision-making process.
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