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Preparing and Adjusting Profit Equation Assume Strands Salon, a San Diego hair salon, provides haircuts for $ 6 0 . Annual fixed costs are $

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Preparing and Adjusting Profit Equation
Assume Strands Salon, a San Diego hair salon, provides haircuts for $60. Annual fixed costs are $576,000 and the company estimates $15.30 in variable costs per haircut. REQUIRED
a. Determine the annual profit equation.
Total profit x17.68x Number of haircuts ])])
b. If the company forecasts that it will provide 21,600 haircuts in the following year, what are estimated profits? $
c. How does your answer to part b change if fixed costs are expected to increase by 10% and variable cost per unit are expected to increase by $3.74 per haircut?
Estimated profits: $
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