Question: Question 1 (20 points). Mr. ABC is planning to establish a chain of restaurants. It estimates that each new restaurant will cost approximately $750,000 The

Question 1 (20 points). Mr. ABC is planning to

Question 1 (20 points). Mr. ABC is planning to establish a chain of restaurants. It estimates that each new restaurant will cost approximately $750,000 The restaurant will hold 440 people and will have 4 shifts each day with average spending at $8 per customer. The variable costs in labor and material are estimated to be $6 per customer, they will be open 333 days each year. What must average occupancy (rate) be to break-even at the first year? (10 points) What is the gross profit if the restaurant has 575,000 customers this year? (05 points) If average spending $7.875 per customer, what is break-even Q now? (05 points)

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