You run a nail salon. Fixed monthly cost is $5,419.00 for rent and utilities, $5,913.00 is spent in salaries and $1,724.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $107.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,155.00, salaries to $6,372.00 and insurance to $2,220.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $171.00 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 $5.00 per slice, $1,103.00 as monthly rental and $219.00 monthly as insurance. They consider the cost of lost sales as $6.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $12.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 211.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places.
You run a nail salon. Fixed monthly cost is $5,419.00 for rent and utilities, $5,913.00 is spent in salaries and $1,724.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $107.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,155.00, salaries to $6,372.00 and insurance to $2,220.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $171.00 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 $5.00 per slice, $1,103.00 as monthly rental and $219.00 monthly as insurance. They consider the cost of lost sales as $6.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $12.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 211.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You run a nail salon. Fixed monthly cost is $5,419.00 for rent and utilities, $5,913.00 is spent in salaries and $1,724.00 in
insurance. Also every customer requires approximately $5.00 in supplies. You charge $107.00 on average for each
service.
You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to
$11,155.00, salaries to $6,372.00 and insurance to $2,220.00 per month. Cost of supplies will increase to $6.00 per
service. However you can now charge $171.00 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 $5.00 per slice, $1,103.00 as monthly rental and
$219.00 monthly as insurance. They consider the cost of lost sales as $6.00 per item. They are able to sell any leftover
sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $12.00/sandwich.
Today there was a party at nearby office so the demand for sandwiches rose to 211.00. How much profit did the
restaurant earn today?
Submit
Answer format: Currency: Round to: 0 decimal places.
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