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Cut This and That provides special - occasion haircuts and generates average revenue of $ 6 5 per customer. The salon s fixed costs are
Cut This and That provides specialoccasion haircuts and generates average revenue of $ per customer. The salons fixed costs are $ per year, which include rent, utilities and magazine subscriptions. Its variable costs are $ per customer. Target operating profit for the year is $ Do not enter dollar signs or commas in the input boxes. a Calculate the revenues needed to obtain the target operating profit. Round the Contribution Margin ratio to decimal places. Round all other answers to the nearest whole number. CM ratio: Answer Required CM: $Answer Revenue: $Answer b How many haircuts have to be provided to earn an operating profit of $ To breakeven? Round up to the nearest whole unit. BEP: Answer Haircuts to yield $: Answer c Calculate the operating profit if haircuts are provided. Round to the nearest whole number. Operating Profit: $Answer
Cut This and That provides specialoccasion haircuts and generates average revenue of $ per customer. The salons fixed costs are $ per year, which include rent, utilities and magazine subscriptions. Its variable costs are $ per customer. Target operating profit for the year is $
Do not enter dollar signs or commas in the input boxes.
a Calculate the revenues needed to obtain the target operating profit.
Round the Contribution Margin ratio to decimal places. Round all other answers to the nearest whole number.
CM ratio: Answer
Required CM: $Answer
Revenue: $Answer
b How many haircuts have to be provided to earn an operating profit of $ To breakeven?
Round up to the nearest whole unit.
BEP: Answer
Haircuts to yield $: Answer
c Calculate the operating profit if haircuts are provided.
Round to the nearest whole number.
Operating Profit: $Answer
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