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I want to know how to solve this question. 1.Based only on the information provided, calculate the market share in order to find the projected
I want to know how to solve this question. 1.Based only on the information provided, calculate the market share in order to find the projected income for each of the three options to better analyze the three options available to Kelly: Projected income for the mall location option is $_ 2.Based only on the information provided, calculate the market share in order to find the projected income for each of the three options to better analyze the three options available to Kelly: Projected income for the existing downtown restaurant option is $_ 3.Based only on the information provided, calculate the market share in order to find the projected income for each of the three options to better analyze the three options available to Kelly: Projected income for the franchise option is $. Kelly Orr works as assistant department manager in the ladies' wear department of a large department store in Kingston, Ontario. She enjoys her work but sees that chances of further advancement in her $35,000-a-year job are limited. For the past few years, Kelly has been thinking about starting her own business. As a teenager, she worked summers in a fast-food franchise and always wanted to own a restaurant. As she has two children, she resents having to work Thursday and Friday evenings and Saturdays, and she thinks that by owning her own business she can more easily take time off to be with her family. Her husband, a schoolteacher, has supported her working in the past but is a bit hesitant about Kelly risking her savings of $20,000 to go out on her own. They agree, however, that Kelly should investigate a few possibilities and obtain as much information as she can about the restaurant industry in Kingston. For the past six months, Kelly has visited with several of her friends, looked at some prospective businesses, and checked with public officials to find out what information is available. She has obtained the following information: Population of Kingston 95,000 Per-family away-from-home food expenditures $80/month Number of families in Kingston 28,000 Number of restaurants in Kingston 110 Average square footage per outlet 1,500 Cost of goods sold as percentage of gross sales 50% Bank's lending rate 10% Operating expenses, excluding rent, interest, and franchise advertising royalties, are estimated to be 35 percent of gross sales. I want to know how to solve this question. 1.Based only on the information provided, calculate the market share in order to find the projected income for each of the three options to better analyze the three options available to Kelly: Projected income for the mall location option is $_ 2.Based only on the information provided, calculate the market share in order to find the projected income for each of the three options to better analyze the three options available to Kelly: Projected income for the existing downtown restaurant option is $_ 3.Based only on the information provided, calculate the market share in order to find the projected income for each of the three options to better analyze the three options available to Kelly: Projected income for the franchise option is $. Kelly Orr works as assistant department manager in the ladies' wear department of a large department store in Kingston, Ontario. She enjoys her work but sees that chances of further advancement in her $35,000-a-year job are limited. For the past few years, Kelly has been thinking about starting her own business. As a teenager, she worked summers in a fast-food franchise and always wanted to own a restaurant. As she has two children, she resents having to work Thursday and Friday evenings and Saturdays, and she thinks that by owning her own business she can more easily take time off to be with her family. Her husband, a schoolteacher, has supported her working in the past but is a bit hesitant about Kelly risking her savings of $20,000 to go out on her own. They agree, however, that Kelly should investigate a few possibilities and obtain as much information as she can about the restaurant industry in Kingston. For the past six months, Kelly has visited with several of her friends, looked at some prospective businesses, and checked with public officials to find out what information is available. She has obtained the following information: Population of Kingston 95,000 Per-family away-from-home food expenditures $80/month Number of families in Kingston 28,000 Number of restaurants in Kingston 110 Average square footage per outlet 1,500 Cost of goods sold as percentage of gross sales 50% Bank's lending rate 10% Operating expenses, excluding rent, interest, and franchise advertising royalties, are estimated to be 35 percent of gross sales
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