You run a nail salon. Fixed monthly cost is $5,512.00 for rent and utilities, $5,648.00 is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You run a nail salon. Fixed monthly cost is $5,512.00 for rent and utilities, $5,648.00 is spent in salaries and $1,475.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $123.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,992.00, salaries to $6,091.00 and insurance to $2,457.00 per month. Cost of supplies will increase to $8.00 per service. However you can now charge $156.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Round the quantity to 3 digits when using to calculate the profit Submit Answer format: Number: Round to: 2 decimal places. Show Hint You run a nail salon. Fixed monthly cost is $5,512.00 for rent and utilities, $5,648.00 is spent in salaries and $1,475.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $123.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,992.00, salaries to $6,091.00 and insurance to $2,457.00 per month. Cost of supplies will increase to $8.00 per service. However you can now charge $156.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Round the quantity to 3 digits when using to calculate the profit Submit Answer format: Number: Round to: 2 decimal places. Show Hint
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
EX: let X ~ B (5, 0.4) X ~ B (7, 004) Xz ~ B ( 7 0.2) Find the dist. of Now Noint cik Date. 2 No. R X) q X + X 3 X + X
-
What are the steps to be completed in preparing the opening IFRS statement of financial position?
-
Performing a service on account will a. increase total assets. b. increase shareholders' equity. c. Both a and b. d. increase total liabilities.
-
List the 12 notes forming an octave, beginning with the note \(C\).
-
Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (a) What is the future value of $9,000 at the end of 5 periods at 8% compounded...
-
Accounts receivable recognition and measurement Upsidedown Cake Company produces dessert products for sale in grocery stores, but it also has a retail location. At the end of 2 0 2 3 , the company...
-
one from scratch. Data (also available as a csv on Blackboard). An entry represents the distance from a city (row) to a city (column). Note the distances are symmetric. 0918375 6 8 8 3 8 5 3857 88487...
-
Find a video on deposition preparation that is available online. As a paralegal, how can you assist in preparing a client for deposition?
-
Although not accompanied by an affidavit showing good cause, a subpoena that requests a nonparty to appear and testify at a deposition must be accompanied by witness fees and mileage costs, as set...
-
What is the process for starting an appeal?
-
What is the role of the paralegal during trial? What ethical considerations should govern your conduct during the trial?
-
How can a paralegal assist a lawyer with the voir dire of the jury?
-
Birthing means the number of young born per female in a period of time
-
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
-
WorldCom changed its name to MCI. Go to www.CFO.com and enter the words extreme makeover into the search box. From a review of the article, identify the major steps the new CFO carried out to fix...
-
A tree with eight vertices, exactly two of degree three. Draw a graph with the given characteristics.
-
A connected graph with eight vertices, exactly two of degree 3 , which is not a tree. Draw a graph with the given characteristics.
Study smarter with the SolutionInn App