Owner Shirl Low is considering franchising her Noodles by Low restaurant concept. She believes people will pay $5.00 for a large bowl of noodles. Variable costs are $2.00 per bowl. Low estimates monthly fixed costs for a franchise at $4,500. Read the requirements. 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 "0" for any zero balances. Abbreviation used: CM = contribution margin.) = Required sales in dollars % Requirement 2. Low believes most locations could generate $60,500 in monthly sales. Is franchising a good idea for Low if franchisees want a minimum monthly operating income of $24,000? Explain your answer. Begin by showing the formula and then entering the amounts to calculate the targeted sales dollars required to earn the minimum monthly operating income of $24,000. (Abbreviation used: CM = contribution margin.) = Required sales in dollars % Is franchising a good idea for Low if franchisees want a minimum monthly operating income of $24,000? Explain your answer. Since the predicted monthly sales of $60,500 are the amount of sales necessary to generate a minimum monthly operating income of $24,000, Low's franchising concept a good idea