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Korvikt [17]
3 years ago
13

A hair salon offers three services: haircuts, color treatment, and styling. the salon charges $40 for a cut, $65 for color, and

$30 for styling. last month, the salon sold 68 haircuts, 34 color treatments, and 22 styling sessions. if the salon's costs for the month totaled $2843, what was its profit?
Business
2 answers:
sammy [17]3 years ago
4 0
The total profit would be $2747 (The total revenue was $5590, and the total expense is $2843. Therefore the difference between the revenue and the expenses is the profit)
Nookie1986 [14]3 years ago
3 0

Answer:

$2,747

Explanation:

Given charges by the salon;

haircuts = $40

color treatment = $65

styling = $30

Number of

Haircut sales = 68

Color treatment = 34

styling = 22

Revenue from;

Haircut sales = 68 × $40 = $2720

Color treatment = 34 × $65 = $2210

Styling = 22 × $30 = $660

Total revenue = $5590

Cost = $2843

Profit = $5590 - $2843

Profit = $2,747

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Answer:

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Explanation:

First, to solve for current ratio, simply divide the current assets by the current liabilities.

So the current ratio would be $30,000 / $15,000 resulting to <em><u>2</u></em>

Now, a current ratio greater than one means that <u>Mister Ribs will be able to pay its current liabilities as they come due in the next year.</u>

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Swiss Furniture Company manufactures bookshelves and uses an activityminus−based costing system. The following information is pr
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Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

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Interest Payment     $6,400           1.7125         $10,960

Principal                   $80,000         0.8116        $64,928

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Date                Particular                            Debit ($)        Credit ($)    Working  

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Dec 31, 2020  Cash                                6,400  

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                        Interest Revenue                               8,348     (75888*11%)

Dec 31, 2021   Cash                                  6,400  

                         Discount on  Receivable      2,162             (4279-3600)

                         Interest Revenue                             8,562

                                                                                                (75888+1,948)*11%

Dec 31, 2021    Cash                                  80,000  

                          Notes Receivable                                 80,000

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