Question
1... You run a nail salon. Fixed monthly cost is $ 5,242.00 for rent and utilities, $ 6,102.00 is spent in salaries and $1,119.00 in
1... You run a nail salon. Fixed monthly cost is $ 5,242.00 for rent and utilities, $ 6,102.00 is spent in salaries and $1,119.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $85.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,808.00, salaries to $6,628.00 and insurance to $2,472.00 per month, Cost of supplies will increase to $7.00 per service. However you can now charge $160.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the -
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