This Question: 40 pts 2 of 3 (1 complete) This Quiz: 100 pts possible Owner Yinan Song is considering franchising her Noodles by Song restaurant concept. She believes people will pay $5.00 for a large bowl of noodles. Variable costs are $2.00 per bowl. Song 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 "O" for any zero balances. Abbreviation used: CM = contribution margin.) = Required sales in dollars % Requirement 2. Song believes most locations could generate $67,000 in monthly sales. Is franchising a good idea for Song if franchisees want a minimum monthly operating income of $28,500? Begin by showing the formula and then entering the amounts to calculate the targeted sales dollars required to earn the minimum monthly operating income $28,500. (Abbreviation used: CM = contribution margin.) = Required sales in dollars ( % Choose from any list or enter any number in the input fields and then continue to the next question. Activate Windows Go to Settings to activate Win This Question: 40 pts 2 of 3 (1 complete) This Quiz: 100 pts possible i Requirements - ked Owner Yinan Song is considering franchising her Noodles by Song restaurant concept. She believes people will pay costs for a franchise at $4,500. Read the requirements contribution margin.) 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars 2. Song believes most locations could generate $67,000 in monthly sales. Is franchising a good idea for Song if franchisees want a minimum monthly operating income of $28,500? = Required sales in dollars ( )4 % Print Done Requirement 2. Song believes most locations could generate 567.000 in monthly sales. Is franchising a good idea for Begin by showing the formula and then entering the amounts to calculate the targeted sales dollars required to earn th margin.) = Required sales dollars Is franchising a good idea for Song if franchisees want a minimum monthly operating income of $28,500? Since the predicted monthly sales of $67,000 are the amount of sales necessary to generate a minimum monthly operating income of $28,500, Song's franchising concept a good idea. Choose from any list or enter any number in the input fields and then continue to the next question. Activate Windows Go to Settings to activate Windows