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Take me to the text Hairs to You provides special-occasion haircuts and generates average revenue of $69 per customer. The salon's fixed costs are
Take me to the text Hairs to You provides special-occasion haircuts and generates average revenue of $69 per customer. The salon's fixed costs are $45,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $31.05 per customer. Target operating income for the year is $95,000. Do not enter dollar signs or commas in the input boxes. a) Calculate the revenues needed to obtain the target operating income. Round the Contribution Margin ratio to 2 decimal places. Round all other answers to the nearest whole number. CM ratio: Required CM: $ Revenue: $ b) How many haircuts have to be provided to earn an operating income of $77,000? To break-even? Round up to the nearest whole unit. BEP: Haircuts to yield $77,000: c) Calculate the operating income if 4,100 haircuts are provided. Round to the nearest whole number. Operating Income: $ Check
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