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#16 You run a nail salon. Fixed monthly cost is $5,077.00 for rent and utilities,...

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#16 You run a nail salon. Fixed monthly cost is $5,077.00 for rent and utilities, $6,161.00 is spent in salaries and $1,359.00 in insurance. Also every customer requires approximately $4.00 in supplies. You charge $68.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,372.00, salaries to $6,834.00 and insurance to $2,224.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $166.00 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. #17 A restaurant prepares 200.00 pizza slices and sells them at a rate of $11.00/slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $102.00 for monthly rental and monthly insurance of $28.00. Lost sale are taken as $4.00 per unhappy customer. Leftover pizza can be sold for $2.00. The restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 223.00 slices. How much profit could the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places

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