Problem E : PROFIT Jayla is quite tech savvy and decides to open her own computer repair center in Flagstaff. She found a space in downtown Flagstaff with a rent of $1380 per month. She calculated her business and equipment start up costs (SSDs, malware removal software, etc.) to be about $2,120. She determined some of the most commonly requested services, average times needed to take care of those services, and potential flat fees with each service as follows: Service Average Time Needed Flat fee Virus/Malware Removal 1 hour $50 Wifi Diagnostics 1 hour $35 System Cleaning 4 hours $40 Data Recovery 2 hours $35 Miscellaneous 2.5 hours $20 In addition to the flat fees, Jayla charges $20 per hour for labor. a. (25 points) During most weeks of the year Jayla thinks she'll be able to handle 10 miscellaneous services, 4 data recovery services, 1 system cleaning service, 8 wifi diagnostic services, and 7 virus/malware removal services. How much revenue would Jayla generate each week based on the above information? Show all of your work. b. (25 points) How much does Jayla need to make each month in order to break even at the end of the year? What are 2 combinations of services for each month that will give Jayla enough revenue to meet her goal? Justify with calculations/explanations. c. (25 points) After Jayla finishes her first year of running her shop she begins looking toward the next year. By this time Jayla will have paid off her startup costs and believes she will be able to set aside $500 a month to save for equipment upgrades, such as different virus removal software. She predicts that she'll be able to work 34 weeks during the school year with service appointment trends similar to that in part (a), and 11 weeks during the summer weeks with a general pattern of service appointments being 7 miscellaneous, 2 data recovery, 1 system cleaning, 6 wifi diagnostics, and 4 virus/malware removal services each week. What is a reasonable profit for Jayla to expect next year given these conditions? d. (25 points) Starting the third year running her shop Jayla has many options to consider that could improve her business. A bigger shop with a monthly rent of $1,700 is available, in which case she could hire one or two employees at $15 an hour for a 40-hour work week. The employee(s) could handle an additional 20 appointments similar to those described in part (c) most of the year. Equipment updates are also available, such as new computers costing about $1,800 (she may need a few) and a new virus removal software costing $150 per computer. Calculating and stating any other quantities you believe are important, make and justify recommendations for Jayla regarding growing her business. Address any features of this context you believe are significant. For example, should Jayla hire employees? If so, how many and for how many hours per week? Should Jayla move into a bigger shop? Problem E : PROFIT Jayla is quite tech savvy and decides to open her own computer repair center in Flagstaff. She found a space in downtown Flagstaff with a rent of $1380 per month. She calculated her business and equipment start up costs (SSDs, malware removal software, etc.) to be about $2,120. She determined some of the most commonly requested services, average times needed to take care of those services, and potential flat fees with each service as follows: Service Average Time Needed Flat fee Virus/Malware Removal 1 hour $50 Wifi Diagnostics 1 hour $35 System Cleaning 4 hours $40 Data Recovery 2 hours $35 Miscellaneous 2.5 hours $20 In addition to the flat fees, Jayla charges $20 per hour for labor. a. (25 points) During most weeks of the year Jayla thinks she'll be able to handle 10 miscellaneous services, 4 data recovery services, 1 system cleaning service, 8 wifi diagnostic services, and 7 virus/malware removal services. How much revenue would Jayla generate each week based on the above information? Show all of your work. b. (25 points) How much does Jayla need to make each month in order to break even at the end of the year? What are 2 combinations of services for each month that will give Jayla enough revenue to meet her goal? Justify with calculations/explanations. c. (25 points) After Jayla finishes her first year of running her shop she begins looking toward the next year. By this time Jayla will have paid off her startup costs and believes she will be able to set aside $500 a month to save for equipment upgrades, such as different virus removal software. She predicts that she'll be able to work 34 weeks during the school year with service appointment trends similar to that in part (a), and 11 weeks during the summer weeks with a general pattern of service appointments being 7 miscellaneous, 2 data recovery, 1 system cleaning, 6 wifi diagnostics, and 4 virus/malware removal services each week. What is a reasonable profit for Jayla to expect next year given these conditions? d. (25 points) Starting the third year running her shop Jayla has many options to consider that could improve her business. A bigger shop with a monthly rent of $1,700 is available, in which case she could hire one or two employees at $15 an hour for a 40-hour work week. The employee(s) could handle an additional 20 appointments similar to those described in part (c) most of the year. Equipment updates are also available, such as new computers costing about $1,800 (she may need a few) and a new virus removal software costing $150 per computer. Calculating and stating any other quantities you believe are important, make and justify recommendations for Jayla regarding growing her business. Address any features of this context you believe are significant. For example, should Jayla hire employees? If so, how many and for how many hours per week? Should Jayla move into a bigger shop