Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how to solve it take me to the text hairs to you

how to solve it Take me to the text Hairs to You provides...

80.2K

Verified Solution

Question

Accounting

image

how to solve it

Take me to the text Hairs to You provides special-occasion haircuts and generates average revenue of $76 per customer. The salon's fixed costs are $53,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $19.00 per customer. Target operating profit for the year is $100,000. Do not enter dollar signs or commas in the input boxes. a) Calculate the revenues needed to obtain the target operating profit. Round the Contribution Margin ratio to 2 decimal places. Round all other answers to the nearest whole number. CM ratio: % Required CM: Revenue: b) How many haircuts have to be provided to earn an operating profit of $75,000 ? To break-even? Round up to the nearest whole unit. BEP: Haircuts to yield $75,000 : c) Calculate the operating profit if 4,000 haircuts are provided. Round to the nearest whole number. Operating Profit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Without a computer and special calculator, ________. A) computing the payback period is much more difficult...

Biology
1.2K views

JAPANIN K N HID BALK ERSTE BALE ANSEher animal ARAS DE ACER ASPI b DEPARTAM...

Physics
1.2K views

A metal sphere of radius r 10 cm is placed concentrically inside another thin metal...

Physics
1.2K views

on a body moving along X axis 48 The force acting varies with the position...

Physics
1.2K views

EX A particle is dropped along the axis from a height f figure Find the...

Basic Math
1.2K views

how did mathematics influence ancient greek architecture

Calculus
1.2K views

metry an Fractal netry ginning with the Koch curve with a line segme C step...

Calculus
1.2K views

a What is a sequence A sequence is an ordered list of numbers A sequence...

Calculus
1.2K views

A hemispherical bowl of radius 6 inches is filled to a depth of h inches...

Accounting
1.2K views

What types of budget approaches are typically used in for-profit companies as opposed to non-profit...

Accounting
1.2K views

What is the difference between period and product costs ?

Accounting
1.2K views

Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of...