Answered step by step
Verified Expert Solution
Question
1 Approved Answer
#16 + You run a nail salon. Fixed monthly cost is $5,797.00 for rent and utilities, $5,958.00 is spent in salaries and $1,304.00 in insurance.
#16 + You run a nail salon. Fixed monthly cost is $5,797.00 for rent and utilities, $5,958.00 is spent in salaries and $1,304.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $99.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,911.00, salaries to $6,035.00 and insurance to $2,495.00 per month. Cost of supplies will increase to $8.00 per service. However you can now charge $154.00 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. #17 + A restaurant prepares 200.00 pizza slices and sells them at a rate of $11.00/slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $102.00 for monthly rental and monthly insurance of $28.00. Lost sale are taken as $4.00 per unhappy customer. Leftover pizza can be sold for $2.00. The restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 223.00 slices. How much profit could the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started