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You run a nail salon. Fixed monthly cost is $5,792.00 for rent and utilities, $5,977.00 is spent in salaries and $1,676.
Posted: Mon Jul 11, 2022 10:18 am
by answerhappygod
- You Run A Nail Salon Fixed Monthly Cost Is 5 792 00 For Rent And Utilities 5 977 00 Is Spent In Salaries And 1 676 1 (20.37 KiB) Viewed 37 times
You run a nail salon. Fixed monthly cost is $5,792.00 for rent and utilities, $5,977.00 is spent in salaries and $1,676.00 in insurance. Also every customer requires approximately $4.00 in supplies. You charge $51.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,947.00, salaries to $6,643.00 and insurance to $2,304.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $158.00 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.