Question: Pls show work & answers pls ! thx Question 5 (3 points) A local restaurateur, Cho Senn, is considering three options for his new Asian
Pls show work & answers pls ! thx
Question 5 (3 points) A local restaurateur, Cho Senn, is considering three options for his new Asian fusion restaurant. Option A - called Midtown - will have annual fixed costs of $39,500 and variable costs of $3.50 per customer. Option B - called Market - will have annual fixed costs of $31,000 and variable costs of $4.20 per customer. Finally Option - called Mall - has annual fixed cost of $21,000 and variable costs of $4.85 per customer. At what volumes are the costs of Option A and Option B the same? - Your Answer: Answer Question 6 (3 points) A local restaurateur, Cho Senn, is considering three options for his new Asian fusion restaurant. Option A - called Midtown - will have annual fixed costs of 42,500 and variable costs of 3.40 per customer. Option B - called Market - will have annual fixed costs of 29,500 and variable costs of 3.80 per customer. Finally Option C - called Mall - has annual fixed cost of 22,000 and variable costs of 4.90 per customer. If Mr. Cho averages 8.25 in revenue per customer, what volume is required to breakeven with Option B? - Your
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