Question: 28 PROBLEM 2 (4 pts) 29 George plans to open a restaurant in Birmingham. The menu calls for the average customer to spend $15 on

28 PROBLEM 2 (4 pts) 29 George plans to open a restaurant in Birmingham. The menu calls for the average customer to spend $15 on each meal. Total fixed costs are $20,000 per month. The total variable costs per meal are expected to average $6. 30 32 a. How many meals does George need to sell in a year to breakeven? 34 35 36 b. How many meals does George need to sell in a year to earn a $100,000 net margin? 37 38 c. How many meals does George need to sell in a year to earn a net margin equal to 10% of sales revenue
Step by Step Solution
There are 3 Steps involved in it
Problem Analysis We are given the following information Price per meal P 15 Variable cost per meal V... View full answer
Get step-by-step solutions from verified subject matter experts
