Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume Hairy-Cairy Salon, a Charlotte hair salon, provides cuts, perms, and hairstyling services. Annual fixed costs are $225,000, and variable costs are 40 percent of

Assume Hairy-Cairy Salon, a Charlotte hair salon, provides cuts, perms, and hairstyling services. Annual fixed costs are $225,000, and variable costs are 40 percent of sales revenue. Sales revenue totaled $450,000. Determine the sales dollar volume required for an annual pretax profit of $200,000. (Do not include the $ sign in your answer; round your answer to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-27

Authors: James A. Heintz, Robert W. Parry

23rd edition

1337794759, 978-1337794756

More Books

Students also viewed these Accounting questions

Question

=+23. Advertising strategies EVPI.

Answered: 1 week ago

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago