Take me to the text. The Crazy Hair Salon provides special-occassion haircuts and generates average...
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Take me to the text. The Crazy Hair Salon provides special-occassion haircuts and generates average revenue of $66 per customer.
The Crazy Hair Salon provides special-occasion haircuts and generates average revenue of $66 per customer. The salon's fixed costs are $50,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $16.50 per customer. Target operating profit for the year is $98,000. 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 $71,000 ? To break-even? Round up to the nearest whole unit. c) Calculate the operating profit if 3,800 haircuts are provided. Round to the nearest whole number. Operating Profit: $
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