Question: could you answer both #17 You run a nail salon. Fixed monthly cost is $5,258.00 for rent and utilities, $6,224.00 is spent in salaries and
could you answer both
#17
You run a nail salon. Fixed monthly cost is $5,258.00 for rent and utilities, $6,224.00 is spent in salaries and $1,626.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $93.00 on average for each service.
You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,310.00, salaries to $6,272.00 and insurance to $2,110.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $148.00 per service. At what point will you be indifferent between your current location and the new location?
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#18
A Restaurant is open only for 25 days in a month.
Expenses for the restaurant include raw material for each sandwich at $6.00 per slice, $1,075.00 as monthly rental and $282.00 monthly as insurance. They consider the cost of lost sales as $4.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $11.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 222.00. How much profit did the restaurant earn today?
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Answer format: Currency: Round to: 0 decimal places.
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