Owner Shan Lo is considering franchising her Noodles by Lo restaurant concept. She believes people will pay $5.00 for a large bowl of noodles Variable costs are $200 per bowl. Lo estimates monthly fixed costs for a franchise at $15,000 Read the requirements 0 Requirement 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars. Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars using the contribution margin approach. (Enter a "O for any zero balances Abbreviation used CM contribution margin.) = Required sales in dollars 20 % m Requirement 2. Lo believes most locations could generate $74,500 in monthly sales. Is franchising a good idea for Lo ir franchisees want a minimum monthly operating income of $22,500? Explain your answer. 20 Degin by showing the formula and then entering the amounts to calculate the targeted sales dollars required to eam the minimum monthly operating income of am $22.500 (Abbreviation used: CM = contribution margin.) 20 - Required sales in dollars om ) % 20 is franchising a good idea for Loit franchisees want a minimum monthly operating income of $22,500? Explain your answer pm Since the predicted monthly sales or 574,500 are the amount of sales necessary to generate a minimum monthly operating income of $22.500, /20 Lo's tranchising concept a good idea pm Requirements 2/20 pm le te blete and 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars 2 to believes most locations could generate $74,500 in monthly sales is franchising a good idea for Lo if franchisees want a minimum monthly operating income of $22.500 Explain your answer Print Done xt question mplet