Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help Take me to the text The Crazy Hair Salon provides special occasion haircuts and generates average revenue of $74 per customer. The salon's

image text in transcribed

please help

Take me to the text The Crazy Hair Salon provides special occasion haircuts and generates average revenue of $74 per customer. The salon's fixed costs are $38,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $37.00 per customer. Target operating profit for the year is $93,000. 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 2 decimal places. Round all other answers to the nearest whole number, CM ratio: % Required CM: S Revenue: $ b) How many haircuts have to be provided to earn an operating profit of $80,000? To break-even? Round up to the nearest whole unit. w BEP: Haircuts to yield $80,000: c) Calculate the operating profit if 3,800 haircuts are provided. Round to the nearest whole number. Operating Profit: $ Check

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

Automotive Audits Principles And Practices

Authors: D. H. Stamatis

1st Edition

0367696592, 978-0367696597

More Books

Students also viewed these Accounting questions

Question

What cognitive factors relate to somatic symptom disorders?

Answered: 1 week ago