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The Yankee Clipper Barber Shop employs five ( 5 ) barbers and pays each a base rate of $ 5 0 0 per month. One

  

The Yankee Clipper Barber Shop employs five (5) barbers and pays each a base rate of $500 per month. One of the barbers serves as the manager and receives an extra $300 per month. In addition to the base rate, each barber also receives a commission of $3 per haircut. A barber can do as many as 20 haircuts a day. The Conner Barber Shop is a corporation with a 30% tax rate and is open 24 days a month.Other costs are incurred as follows: Advertising$200 per monthRent$400 per monthBarber Supplies$0.90 per haircutUtilities$175 per month plus $0.35 per haircutMagazines$25 per monthCleaning Supplies$0.15 per haircutConner currently charges $8 per haircut.

Required:(a) Conner wants to earn $2,160 a month in after-tax operating profits. Compute the number of haircuts that must be given to reach this goal for the month of July, 2024.

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