Question: help with this question please You run a nail salon. Fixed monthly cost is $5,855.00 for rent and utilities, $5,601.00 is spent in salaries and

 help with this question please You run a nail salon. Fixed
help with this question please
monthly cost is $5,855.00 for rent and utilities, $5,601.00 is spent in

You run a nail salon. Fixed monthly cost is $5,855.00 for rent and utilities, $5,601.00 is spent in salaries and $1,540.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $55.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,667.00, salaries to $6,973.00 and insurance to $2,447.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $144.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Submit Answer format: Number: Round to: 2 decimal places. You run a nail salon. Fixed monthly cost is $5,855.00 for rent and utilities, $5,601.00 is spent in salaries and $1,540.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $55.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,667.00, salaries to $6,973.00 and insurance to $2,447.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $144.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the -. Submit Answer format: Number: Round to: 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!