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You run a nail salon. Fixed monthly cost is $5,836.00 for rent and utilities, $6,412.00 is spent in salaries and $1,246.00 in insurance. Also every
You run a nail salon. Fixed monthly cost is $5,836.00 for rent and utilities, $6,412.00 is spent in salaries and $1,246.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $87.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,768.00, salaries to $6,531.00 and insurance to $2,081.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $163.00 per service. At what point will you be indifferent between your current location and the new location? Submit Answer format: Number: Round to: 2 decimal places. A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $4.00 per slice, $1,247.00 as monthly rental and $415.00 monthly as insurance. They consider the cost of lost sales as $4.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $13.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 215.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places
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