You run a nail salon. Fixed monthly cost is $5,512.00 for rent and utilities, $5,648.00 is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You run a nail salon. Fixed monthly cost is $5,512.00 for rent and utilities, $5,648.00 is spent in salaries and $1,475.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $123.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,992.00, salaries to $6,091.00 and insurance to $2,457.00 per month. Cost of supplies will increase to $8.00 per service. However you can now charge $156.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Round the quantity to 3 digits when using to calculate the profit Submit Answer format: Number: Round to: 2 decimal places. Show Hint You run a nail salon. Fixed monthly cost is $5,512.00 for rent and utilities, $5,648.00 is spent in salaries and $1,475.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $123.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,992.00, salaries to $6,091.00 and insurance to $2,457.00 per month. Cost of supplies will increase to $8.00 per service. However you can now charge $156.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Round the quantity to 3 digits when using to calculate the profit Submit Answer format: Number: Round to: 2 decimal places. Show Hint
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
EX: let X ~ B (5, 0.4) X ~ B (7, 004) Xz ~ B ( 7 0.2) Find the dist. of Now Noint cik Date. 2 No. R X) q X + X 3 X + X
-
What are the characteristics of high-quality information in a companys first IFRS financial statements?
-
Suppose you were to design a negative income tax system for the United States. Pick a guaranteed income level and a tax rate that seem reasonable to you. What break-even level of income is implied by...
-
Why is a healthy secondary market good for the primary share market?
-
For 2010, Wagner Company planned to sell 460,000 units at a $37 selling price. In early 2011, the marketing manager was asked to explain why budgeted revenue had not been achieved. Investigation...
-
Mr. Kofi Briggs has maintained a satisfactory account with your branch for a period of 5 years. He is a mechanical engineer of 40 years old who runs a professional office engaged in considering and...
-
Briefly describe the American History in stages
-
Explain why it might be more appropriate to declare an attribute that contains only digits as a character data type instead of a numeric data type. Give specific examples (3) that are not in the book...
-
Your client works for Ace Company. Assume Ace Company requested a $3 million 10-year loan to purchase production equipment and develop accompanying software. To arrive at your recommendation, analyze...
-
Some researchers developing a new intelligence test are trying to decide how much time to allow to complete the test. The researchers have recorded the times (in minutes) for completion of 27 people...
-
CREATE TABLE client( client_id NUMBER(6), client_first_name VARCHAR(100), client_last_name VARCHAR (100), client_email VARCHAR (100), client_phonenumber VARCHAR2 (10), CONSTRAINT...
-
How do the Big Five personality traits correlate with different life outcomes, such as career success, relationship satisfaction, and overall well-being ?
-
For two spin-1/2 particles you can construct symmetric and antisymmetric spin states (the triplet and singlet combinations, respectively). For three spin-1/2 parti- cles you can construct symmetric...
-
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
-
Unlike the consumption of private goods, the consumption of public goods is both _________ and _________.
-
In the case of either external benefits or external costs, buyers and sellers are receiving the wrong signals: The apparent benefits or costs of some actions differ from the _________ benefits or...
-
Because producers are unable to collect payments from all who are benefiting from the good or service, the market has a tendency to _________ goods with external benefits.
Study smarter with the SolutionInn App