Regarding CH 18 Practice Problem 1, If Mike wanted to have a net income of at least $4,500 how many haircuts would be necessary? \begin{tabular}{|r|} 1,200 \\ 1,029 \\ 1,028 \\ 600 \end{tabular} Question 2 10 pts If Mike's shop was to do 1,600 haircuts in a month, what would be the total costs. (hint y=mx+b) $6,300$15,300$7,200$13,500 If Mike's variable cost were to increase by 10%, how many haircuts would it take to break even? 6300600627660 Question 4 10 pts Regarding the video Practice Problem 1 for CH18 what is the variable cost per unit? $0.50 $4.50 $4.00 $5.00 If Mike thought that each barber could cut 4 clients per hour, and each barber worked a total of 8 hours per day and a 5 day work week, for the entire year, with the exception of 2 weeks vacation time off, what would the fixed costs for the year be? $4.50 $6,300 $75,600 $7,560 Question 6 10 pts If Mike's variable cost were to increase by 10%, what would his contribution margin be? 10.95 4.95 10.05 4.50 If Mike were to raise his price to $16 per haircut, what would he generate in net income if they are able to still do 1,200 haircuts per month? $19,200$7,500$6,300$5,700 Question 8 10 pts If Mike thought that each barber could cut 4 clients per hour, and each barber worked a total of 8 hours per day, for the entire year, with the exception of 2 weeks vacation time off, what would the total revenues be for the year? $480,000$60,000$120,000$30,000 Regarding the Practice Problem 1 from CH18 if there were to be 1,500 haircuts, what would be the expected total utilities cost? $175.20$475$175$6,300 Question 10 10 pts If Mike's rent were to increase to $2,000 per month, how many haircuts would be necessary to break even? 134 $9,870 658 30,000 Regarding CH 18 Practice Problem 1, If Mike wanted to have a net income of at least $4,500 how many haircuts would be necessary? \begin{tabular}{|r|} 1,200 \\ 1,029 \\ 1,028 \\ 600 \end{tabular} Question 2 10 pts If Mike's shop was to do 1,600 haircuts in a month, what would be the total costs. (hint y=mx+b) $6,300$15,300$7,200$13,500 If Mike's variable cost were to increase by 10%, how many haircuts would it take to break even? 6300600627660 Question 4 10 pts Regarding the video Practice Problem 1 for CH18 what is the variable cost per unit? $0.50 $4.50 $4.00 $5.00 If Mike thought that each barber could cut 4 clients per hour, and each barber worked a total of 8 hours per day and a 5 day work week, for the entire year, with the exception of 2 weeks vacation time off, what would the fixed costs for the year be? $4.50 $6,300 $75,600 $7,560 Question 6 10 pts If Mike's variable cost were to increase by 10%, what would his contribution margin be? 10.95 4.95 10.05 4.50 If Mike were to raise his price to $16 per haircut, what would he generate in net income if they are able to still do 1,200 haircuts per month? $19,200$7,500$6,300$5,700 Question 8 10 pts If Mike thought that each barber could cut 4 clients per hour, and each barber worked a total of 8 hours per day, for the entire year, with the exception of 2 weeks vacation time off, what would the total revenues be for the year? $480,000$60,000$120,000$30,000 Regarding the Practice Problem 1 from CH18 if there were to be 1,500 haircuts, what would be the expected total utilities cost? $175.20$475$175$6,300 Question 10 10 pts If Mike's rent were to increase to $2,000 per month, how many haircuts would be necessary to break even? 134 $9,870 658 30,000