Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You run a nail salon. Fixed monthly cost is $5,949.00 for rent and utilities, $5,783.00 is spent in salaries and $1,559.00 in insurance. Also every

image text in transcribed
You run a nail salon. Fixed monthly cost is $5,949.00 for rent and utilities, $5,783.00 is spent in salaries and $1,559.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $55.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,301.00, salaries to $6,806.00 and insurance to $2,244.00 per month Cost of supplies will increase to $7.00 per service. However you can now charge $146.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the Submit Answer format: Number Round to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

DCAA Contract Audit Manual Volume 1

Authors: Defense Contract Audit Agency

1st Edition

B08HTL19V5, 979-8684992995

More Books

Students also viewed these Accounting questions

Question

Journalize the issuance of bonds at a discount.

Answered: 1 week ago

Question

design a simple performance appraisal system

Answered: 1 week ago