Owner Izabella Mason is considering franchising her Noodle Time restaurant concept. She believes people will pay $6.50
Question:
Owner Izabella Mason is considering franchising her Noodle Time restaurant concept. She believes people will pay $6.50 for a large bowl of noodles. Variable costs are $1.95 a bowl. Mason estimates monthly fixed costs for franchisees at $8,400.
Requirements
1. Find a franchisee’s breakeven sales in dollars.
2. Is franchising a good idea for Mason if franchisees want a minimum monthly operating income of $7,000 and Mason believes that most locations could generate $26,000 in monthly sales?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Req1 Req2 Yes the franchising concept is a good idea Most locations are ...View the full answer
Answered By
Sheikh Muhammad Ibrahim
During the course of my study, I have worked as a private tutor. I have taught Maths and Physics to O'Level and A'Level students, as well as I have also taught basic engineering courses to my juniors in the university. Engineering intrigues me alot because it a world full of ideas. I have passionately taught students and this made me learn alot. Teaching algebra and basic calculus, from the very basics of it made me very patient. Therefore, I know many tricks to make your work easier for you. I believe that every student has a potential to work himself. I am just here to polish your skills. I am a bright student in my university. My juniors are always happy from me because I help in their assignments and they are never late.
14+ Reviews
24+ Question Solved
Related Book For 
Question Posted:
