About opening lunchtime restaurant on busy street

Assignment Help Financial Management

Reference no: EM132045314

Salam is thinking about opening a lunchtime restaurant on a busy street. Salam estimates that all the restaurants on this street together serve 21,282 lunches on a typical day. Opening the new lunchtime restaurant will require $6,462 in fixed costs. Salam believes that he can earn a margin of $4.46 on each lunch his new restaurant serves. Calculate breakeven MARKET SHARE for Salam's new restaurant. Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.

Reference no: EM132045314

Questions Cloud

Conduct the etl with cooperate information factory : What is the difference when conduct the ETL with Cooperate information factory and business dimensional lifecycle?

What should the price of terrier nation stock be today : If Terrier Nation’s equity cost of capital is 18%, what should the price of Terrier Nation’s stock be today?

Explain what is labor management repost : One or two sentence responses such as "Hi, welcome to the course!" or "I feel the same way" are not acceptable.

Strategy for the entire human resource team : What would be advantages and disadvantages of the Human Resources department if they had individual strategies or if there should be one overarching strategy

About opening lunchtime restaurant on busy street : Salam is thinking about opening a lunchtime restaurant on a busy street. Calculate breakeven MARKET SHARE for Salam's new restaurant.

What would be advantages and disadvantages of organization : What would be advantages and disadvantages of an organization's Human Resources department aligning its strategy with the overall organizational strategy?

Discuss about globally optimized operations : To be considered substantive, your reply should add significantly to the discussion by building on others' comments, pointing out similarities or differences.

What is the concept of globally right source : What is the concept of Globally Right source and how can an organization use this to add value to their activities to increase their competitive positions?

Briefly define business rules : Identify all involved in the database system so your ERD accurately "captures" the entire process, actors, and relationships.

User Account

All Pages