Please answer Q1 (req 1, req 2A, req 2B, req 3A, req 3B) those are all parts of the same question. thank you very much for the helpw

1 Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc. to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise: 50 points a. A suitable location in a large shopping mall can be rented for $3,500 per month b. Remodeling and necessary equipment would cost $270,000. The equipment would have a 15-year life and an $18,000 salvage value Straight-line depreciation would be used, and the salvage value would be considered in computing depreciation. c. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total $300,000 per year. Ingredients would cost 20% of sales. d. Operating costs would include $70,000 per year for salaries, $3,500 per year for insurance, and $27,000 per year for utilities. In oddition, Mr. Swanson would have to pay a commission to The Yogurt Place, Inc., of 12.5% of sales. BOOK Required: 1 Prepare a contribution format Income statement that shows the expected net operating income each year from the franchise outlet 2-a. Compute the simple rate of return promised by the outlet 2-b. If Mr. Swanson requires a simple rate of return of at least 12%, should he acquire the franchise? 3-a. Compute the payback period on the outlet 3-5. Mr. Swanson wants a payback of four years or less, will he acquire the fronchise? Complete this question by entering your answers in the tabs below. Reg 1 Red 2A Reg 20 Re JA Reg 35 Prepare a contribution format income statement that shows the expected net operating income each year from the franchise outlet The Yogurt Place, in Reg 1 Req 2A Req 2B Req Req 3B Prepare a contribution format income statement that shows the expected net operating outlet. The Yogurt Place, Inc., Contribution Format Income Statement Variable expenses: cook rint rences Fixed expenses: Reg 2A Req 1 Reg 2A Req 2B Req Req 3B 1 Prepare a contribution format income statement that shows the expected net ope outlet. 50 points The Yogurt Place, Inc., Contribution Format Income Statement eBook Print References Accounts payable Accounts receivable Advertising Beginning merchandise inventory Bee Reg 2A Assignment Saved .LU Hurgery b. Remodeling and necessary equipment would cost $270,000. The equipment would have a 15-year value. Straight-line depreciation would be used, and the salvage value would be considered in com C. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total $300,000 per yea sales. d. Operating costs would include $70,000 per year for salaries, $3,500 per year for insurance, and $2 addition, Mr. Swanson would have to pay a commission to The Yogurt Place, Inc., of 12.5% of sales. Required: 1. Prepare a contribution format income statement that shows the expected net operating income each 2-a. Compute the simple rate of return promised by the outlet. 2-b. If Mr. Swanson requires a simple rate of return of at least 12%, should he acquire the franchise? 3-a. Compute the payback period on the outlet 3-b. If Mr. Swanson wants a payback of four years or less, will he acquire the franchise? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Req 3A Req 3B Compute the simple rate of return promised by the outlet. (Round your final answer to the nearest whole perc Simple rate of return % . my. PV b. Remodeling and necessary equipment would cost $270,000. The equipment would have a 15-y value. Straight-line depreciation would be used, and the salvage value would be considered in C. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total $300,000 per sales. d. Operating costs would include $70,000 per year for salaries, $3,500 per year for insurance, and addition, Mr. Swanson would have to pay a commission to The Yogurt Place, Inc., of 12.5% of sale -K Required: 1. Prepare a contribution format income statement that shows the expected net operating income ea 2-a. Compute the simple rate of return promised by the outlet 2-b. If Mr. Swanson requires a simple rate of return of at least 12%, should he acquire the franchise? 3-a. Compute the payback period on the outlet. 3-b. If Mr. Swanson wants a payback of four years or less, will he acquire the franchise? + nces Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Reg 38 If Mr. Swanson requires a simple rate of return of at least 12%, should he acquire the franchise? Yes ONO aus Assignment i Saved SU: yiy VV "Vivo b. Remodeling and necessary equipment would cost $270,000. The equipment w value. Straight-line depreciation would be used, and the salvage value would b C. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would tot sales. d. Operating costs would include $70,000 per year for salaries, $3,500 per year fo addition, Mr. Swanson would have to pay a commission to The Yogurt Place, Inc Required: 1. Prepare a contribution format income statement that shows the expected net ope 2-a. Compute the simple rate of return promised by the outlet. 2-b. If Mr. Swanson requires a simple rate of return of at least 12%, should he acquir 3-a. Compute the payback period on the outlet 3-b. If Mr. Swanson wants a payback of four years or less, will he acquire the franchi ces Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 2B Req Req 3B Compute the payback period on the outlet. (Round your answer to 1 decimal place.) Payback period years