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The Crazy Hair Salon provides special-occasion haircuts and generates average revenue of $77 per customer. The salons fixed costs are $47,000 per year, which include
The Crazy Hair Salon provides special-occasion haircuts and generates average revenue of $77 per customer. The salons fixed costs are $47,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $38.50 per customer. Target operating profit 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 profit. Round the Contribution Margin ratio to 2 decimal places. Round all
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