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28 PROBLEM 2 (4 pts) 29 George plans to open a restaurant in Birmingham. The menu calls for the average customer to spend $15 on
28 PROBLEM 2 (4 pts) 29 George plans to open a restaurant in Birmingham. The menu calls for the average customer to spend $15 on each meal. Total fixed costs are $20,000 per month. The total variable costs per meal are expected to average $6. 30 32 a. How many meals does George need to sell in a year to breakeven? 34 35 36 b. How many meals does George need to sell in a year to earn a $100,000 net margin? 37 38 c. How many meals does George need to sell in a year to earn a net margin equal to 10% of sales revenue
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