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You run a nail salon. Fixed monthly cost is $5,025.00 for rent and utilities, $5,651.00 is spent in salaries and $1,657.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $118.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,109 .00, salaries to $6,510.00 and insurance to $2,456.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $144.00 per service. What is the PROFIT or Loss at the crossover point? If a loss indude the - Submt Answer format: Number. Round to: 2 decimal places

You run a nail salon. Fixed monthly cost is $5,025.00 for rent and utilities, $5,651.00 is spent in salaries and $1,657.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $118.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,109 .00, salaries to $6,510.00 and insurance to $2,456.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $144.00 per service. What is the PROFIT or Loss at the crossover point? If a loss indude the - Submt Answer format: Number. Round to: 2 decimal places

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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You run a nail salon. Fixed monthly cost is $5,025.00 for rent and utilities, $5,651.00 is spent in salaries and $1,657.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $118.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,109.00, salaries to $6,510.00 and insurance to $2,456.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $144.00 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.
Transcribed Image Text:You run a nail salon. Fixed monthly cost is $5,025.00 for rent and utilities, $5,651.00 is spent in salaries and $1,657.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $118.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,109.00, salaries to $6,510.00 and insurance to $2,456.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $144.00 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.
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