Question: please show steps for both! You run a nail salon. Fixed monthly cost is $5.705.00 for rent and utilities, $6271.01 spent in salaries and $1,496
please show steps for both!
You run a nail salon. Fixed monthly cost is $5.705.00 for rent and utilities, $6271.01 spent in salaries and $1,496 00 in insurance. Also every customer requires approximately $3.00 in supp You charge $110.00 on average for each service You are considering moving the salon to an upscale neighborhood where the rent utilities will increase to $11879.00, salaries to $6,090.00 and insurance to $2,246.00 per month Cost of plies will increase to $6.00 per service. However you can now charge $166 00 per service at what point will you be indifferent between your current location and the new location? Submit Answer format: Number Round to 2 decimal places Read the following question carefully, it is slightly different than the previous one. It requires yo quantity at crossover like the previous problem, but then you need to do a second step to convern profit You run a nail salon Fixed monthly cost is $5,626.00 for rent and utilities, $5,728.00 is spent in salaries and $1,215.00 in insurance. Also every customer requires approximately $2.00 in supplies. You charge $92.00 on average for each service You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,624.00, salaries to $6,996.00 and insurance to $2,157 00 per month Cost of supplies will increase to $8.00 per service. However you can now charge $172.00 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
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