Explain oriental express restaurant concept, Operation Management

Assignment Help:

Owner Kay Fay is considering franchising her Oriental Express restaurant concept. She believes people will pay $5.50 for a large bowl of noodles. Variable costs are $2.75 a bowl. Fay estimates monthly fixed costs for franchisees at $8,750. 1. Use the contribution margin ratio shortcut approach to find franchisees breakeven sales in dollars. 2. Is franchising a good idea for Fay if franchisees want a minimum monthly operating income of $3,500 and Fay believes most locations could generate $24,000 in monthly sales?


Related Discussions:- Explain oriental express restaurant concept

Which kind of portable computer will meet everyones needs, Your organizatio...

Your organization plans to acquire 250 new portable computers. The finance vice president has asked you to lead a project team assigned to define users' computer hardware needs and

Explain how to identify stakeholders within a project, Normal 0 ...

Normal 0 false false false EN-IN X-NONE X-NONE

Describe quantities would your supplier selection change, Your company asse...

Your company assembles five different models of a motor scooter that is sold in specialty store in the United States. The company uses the same engine for all five models. You have

Linear programing, Ask question #Minimum 100 words acceptNas food produces ...

Ask question #Minimum 100 words acceptNas food produces to kinds of popular dark chocolate bars. the banana and coffee. the banana bar costs 0.22 to make and sells of 0.35, where a

Explain the concept of globalization many businesses operate, Based on the ...

Based on the concept of globalization, many businesses operate and compete in a global environment. Describe the additional factors that affect/impact global supply chains.

Define job evaluation, Define job evaluation. Definition: Job evaluatio...

Define job evaluation. Definition: Job evaluation is a systematic process of evaluating various jobs of an organization. Depending on the characteristics and needs of a job, jo

Control chart - sample mean chart & sample range chart, Control Chart - Sam...

Control Chart - Sample Mean Chart & Sample Range Chart As sample values are progressively plotted on the charts, they are examined for patterns which may be tested against a s

Describe in light of accounting scandals, One of the most influential piece...

One of the most influential pieces of legislation was the Sarbanes-Oxley Act of 2002. This act greatly increased the transparency of financial disclosure in light of accounting sca

Compute the first quarter interest, Your company invests $50,000 today at a...

Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest, the total annual interest and th

Explain what quinn refers to as the managerial classic trap, 1. Explain wha...

1. Explain what Quinn refers to as the managerial 'classic trap' in strategy formulation.  Answer: Quinn (1988) criticises those who see strategy formulation and implementation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd