Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 374 pedicures in the first quarter of 2011, and

image text in transcribed
Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 374 pedicures in the first quarter of 2011, and 391 pedicures in the second quarter. Pedicures cost $9.50 at both locations. Natalie notices that in Q1, 35% of pedicures are performed at By-the-Beach but in Q2, 59% of the total were performed there. Natalie's sales goals for Quarter 3 are 6.4% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $11.30 at both locations in Q3 to increase revenue. How many pedicures must be performed at By-the-Beach in Quarter 3 to achieve the growth goal? C D Submit Answer pedicures CALCULATED VARIABLES: monthlygr = 0.208 (20.8%) btbgr = 0.762 (76.2%) revgrowth = $162 annualgr = 0.193 (19.3%) q2gr = 0.045 (4.5%)

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

Auditing Compensation And Benefits Programs

Authors: Kelli W. Vito

1st Edition

0894136720, 978-0894136726

More Books

Students also viewed these Accounting questions

Question

Discuss the key people management challenges that Dorian faced.

Answered: 1 week ago

Question

How fast should bidder managers move into the target?

Answered: 1 week ago