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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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The marketing team at an electronics company felt strongly that their new product needed to be available by the first quarter in
zloy xaker [14]

Answer:

different time horizon

Explanation:

The time horizon is a certain time when a planned event/process expected to be finished. A different department can have different considerations/priorities when making the ideal time horizon. In this case, the marketing team wants the product released faster(in the first quarter) to capture market share as the main consideration. But the production team who responsible for the product quality wants more time to develop the product.  

3 0
3 years ago
When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.
DanielleElmas [232]

Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

L = \frac{Q^2}{25}

Therefore, the Short run total cost function (STC) will be:

20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2

7 0
3 years ago
A financial adviser manages an equity portfolio for an endowment fund, which has an 8.2% return objective. The adviser makes a s
MArishka [77]

Answer:

The endowment fund is not satisfied with the advisor's performance

Explanation:

Judging from a nominal interest rate perspective where return expected of an investment comprises of real rate of return and an extra return which is a compensation for inflation rate in the economy,the endowment fund is not satisfied with performance of the advisor.

The satisfactory rate of return that would be expected of the advisor is computed below:

nominal interest rate=real rate+inflation rate

real rate is 8.2%

inflation rate is 2.9%

nominal interest rate=8.2%+2.9%

                                  =11.10%

3 0
3 years ago
When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
lilavasa [31]
Existing business with a proven record. When you ask for investments, the lending institution will most definitely ask for your financial track record. They would want to know if you are a good paymaster because they will need the assurance that you can pay them back. Even if you have a really original idea and want to start a new business, there will still be some reservation if you have no track record because the lenders do not know if you are trustworthy or not. Unlike if you already have a proven record that you are a good paymaster, then you at least have proof that you can pay back. 
7 0
3 years ago
Who of the following is not included in the Bureau of Labor Statistics' "employed" category?
kozerog [31]

Answer:

c. those waiting to be recalled to a job from which they had been laid off

Explanation:

Employment need not mean to be employed under a citizen it basically means to be working and earning, whether under permanent contract or under temporary contract.

Being on vacation do not mean to be unemployed it basically means to be on temporary leaves, and that the leaves might or might not be paid.

Involving one self into family business is also employed.

But a person who is removed from job and then is waiting for a call is clearly unemployed.

7 0
3 years ago
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