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

Explain quality characteristic under study takes, Suppose that the specific...

Suppose that the specifications for a part (in inches) are 6.00 ± 0.15, and that the taguchi loss function is estimated to be l(x) = 6,500(x-t)(squared). Determine the estimated lo

Describe departments being located close together, A (n) ____ gives the rel...

A (n) ____ gives the relative importance of each pair of operations or departments being located close together.

Explain approach the technology issues facing the company, As the advisor t...

As the advisor to Keyes what offensive or defensive strategic options would you recommend for blockbuster as the company moves forward? In particular, how would you approach the te

Explain single pay off, in a -------------------employees are reward by giv...

in a -------------------employees are reward by given company stock or by being allow to purchase it at a price below market value/1.gain sharing plan/2.individual payoff/3.esop/4.

Explain the new optimal solution, Consider the following linear program: Ma...

Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem? b. Suppose that the objective function i

Explain why is this qbe implementation so effective, Identify an Internet s...

Identify an Internet site that has a very effective Query-by-Example (QBE) implementation for complex queries (multiple simultaneous attributes/fields) to efficiently navigate amon

Explain accounting, Explain accounting. Accounting: It is an art of c...

Explain accounting. Accounting: It is an art of classifying and recording data. Now there data refers to transactions having monetary or financial values. As per to this, acc

Explain if overachievement is acceptable, If overachievement is acceptable,...

If overachievement is acceptable, the appropriate di+ variable can be dropped from the objective function.

Explain what is the multifactor productivity for each system, A grocery cha...

A grocery chain is considering the installation of a set of 4 self-checkout lanes. The new self-checkout lane setup will replace 2 old cashier lanes that were staffed by a cashier

Explain what are the most important criteria, In selecting outside advisors...

In selecting outside advisors, a board, consultants, and the like, what are the most important criteria?

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