You run a nail salon. Fixed monthly cost is $5,823.00 for rent and utilities, $5,780.00...
50.1K
Verified Solution
Link Copied!
Question
Accounting
You run a nail salon. Fixed monthly cost is $5,823.00 for rent and utilities, $5,780.00 is spent in salaries and $1,563.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $82,00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,468.00, salaries to $6,803.00 and insurance to $2,124.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $155.00 per service. At what point will you be indifferent between your current location and the new location? Answer format: Number: Round to: 2 decimal places
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!
