We would like you to write a short summary of 300 words explaining whether you believe your friends plan is realistic and why. Try to comment on how you came to this decision and then consider what advice you might give him.

You have a friend who is thinking of starting up a hairdressing business from home. He can charge 25 for each customer visit, and it takes about half an hour to style a customer's hair. He thinks that he can work for five hours a day, five days per week, fifty weeks a year. He has worked out that his consumable costs will be about 5 per customer, but he will have to lay out 9,000 on capital equipment, which he thinks will have a working life of about three years. He wants to make at least 200 a week, and believes he should also be able to set aside another 100 as a contribution to repairing damages to carpets and fittings. He is very enthusiastic about his plan, because he has a friend who has a similar business. She says that 70% of her takings are pure profit. We would like you to: 1. Calculate your friend's weekly break-even volume, for three cases: Meeting costs; Making his required cash surplus; Making his surplus plus a contribution to repairs. 2. Determine what changes (if any) he would need to make to match his friend's You have a friend who is thinking of starting up a hairdressing business from home. He can charge 25 for each customer visit, and it takes about half an hour to style a customer's hair. He thinks that he can work for five hours a day, five days per week, fifty weeks a year. He has worked out that his consumable costs will be about 5 per customer, but he will have to lay out 9,000 on capital equipment, which he thinks will have a working life of about three years. He wants to make at least 200 a week, and believes he should also be able to set aside another 100 as a contribution to repairing damages to carpets and fittings. He is very enthusiastic about his plan, because he has a friend who has a similar business. She says that 70% of her takings are pure profit. We would like you to: 1. Calculate your friend's weekly break-even volume, for three cases: Meeting costs; Making his required cash surplus; Making his surplus plus a contribution to repairs. 2. Determine what changes (if any) he would need to make to match his friend's