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Please select the best multiple choice answer for parts a, b, and c. Will upvote :) Question 1 (Mandatory) (5 points) Saved You and your
Please select the best multiple choice answer for parts a, b, and c. Will upvote :)
Question 1 (Mandatory) (5 points) Saved You and your buddy want to earn some money mowing lawns this summer. You plan on buying a lawn mower for $560. You calculate you will pay $3 per job for gas. You think you can mow 40 lawns. What price should you and your buddy charge to mow each lawn to break even? $560 $17 $120 $3 Question 2 (5 points) You are thinking of opening up a large chain of hair salons. You calculate that your average cost of shampoo and supplies is $10.25 per customer and the cost of water is $1.25 per shampooing. The salon has fixed operating costs of $110 500 per month. You think you can charge three times their average variable cost for each cut and shampoo service. If you want to make a monthly profit of $50 000. How many customer's hair must you cut and shampoo per month? 09769 6500 4805 6979 Question 3 (Mandatory) (5 points) At Deep Bay Marine Field Station a specialized boat motor is made. Their revenue and costs as follows for the most recent fiscal period: Sales $522 000 Costs: Fixed Costs $145 000 Variable Costs 208 800 Total Costs 353 800 Net Income $168 200 What is the break-even point in sales dollars? $870 000.00 $362 500.00 $589 666.67 $241 666.67Step by Step Solution
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