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