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Simora [160]
3 years ago
10

Vin diesel owns the fredonia barber shop. he employs 7 barbers and pays each a base rate of $1,380 per month. one of the barbers

serves as the manager and receives an extra $530 per month. in addition to the base rate, each barber also receives a commission of $5.92 per haircut. other costs are as follows. advertising $270 per month rent $940 per month barber supplies $0.30 per haircut utilities $180 per month plus $0.25 per haircut magazines $25 per month vin currently charges $11.47 per haircut. determine the variable costs per haircut and the total monthly fixed costs. (round variable costs to 2 decimal places,
e.g. 12.25.) total variable cost per haircut $ total fixed $ compute the break-even point in units and dollars. (round answers to 0 decimal places,
e.g. 1,250.) break-even point haircuts break-even point $ determine net income, assuming 2,380 haircuts are given in a month.
Business
1 answer:
harkovskaia [24]3 years ago
8 0
Given:                         Variable Cost     Fixed Cost 
                                     per haircut          per month
base salary                                               9660
manager bonus                                          530
commission                     5.92
advertising                                                 270
rent                                                            940
barber supplies                0.30
utilities                             0.25                   180
magazines                                                  25              
Total                                6.47                11605

Revenue                         11.47

Break even point in unit = Fixed expenses per month / Contribution margin per month.

Break even point in unit = 11,605 / (11.47-6.47) = 11,605 / 5 = 2,321 haircuts

Break even point in $ = Fixed expenses / Contribution margin ratio

Break even point in $ = 11,605 / (5/11.47) = 11,605 / 0.44 = 26,375

Net Income = (Contribution Margin * # of haircuts) - Fixed expenses

Net Income = (5 * 2,380) - 11,605 = 11,900 - 11,605 = 295

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Alexxandr [17]

Answer: Wearing high status clothing

   

Explanation: In simple words, Non verbal communication refers to the act of making any remark or statement without using language. It could be done by using body posture, dressing sense or eye contact etc.

In the given case, James tried to persuade his clients by showing that he belongs to the high class of the society and maintains a high status. He did so by wearing the expensive clothes. Such persuation will result in perception that James is hardworking and trusted.

Hence from the above we can conclude that the correct option is B.

5 0
3 years ago
Read 2 more answers
A. Explain the role labor’s productivity plays in wage determination in the competitive labor market. If productivity increases,
Dima020 [189]

Answer:

(A)Wages decrease in the long term

Explanation:

(A) The principles of supply and demand applies here.

Higher worker productivity in a particular industry implies increased demand for workers in the industry (short term effect).

Increased supply of workers implies:

1. output per worker increases, resulting in increase in supply of products in the industry. But, the laws of supply and demand comes in, because when supply increases, prices decrease.

That is, the increase in worker productivity may cause a decrease in prices resulting in a decrease in wages since the firm's revenue declined (long term effect).

2. Increase in the supply of workers in the industry with increased in productivity over workers from other industry because of initial increase in wages. This would lead to a decrease in wages because the supply of workers would exceed demand.

(B) The compensation differential is the additional amount of money that a given worker must be offered in order to motivate him to accept a given undesirable job, relative to other jobs that the worker could perform.

(C) This is called a derived demand because it is often based on the demand for products.

For example, when consumers want more of a particular good or service eg clothing, more firms in the industry will want workers that make this product.

6 0
3 years ago
A favorable direct materials price variance might lead to an unfavorable direct materials quantity variance because the company
Lemur [1.5K]
25 is ur answer good ser
3 0
3 years ago
Assignment Details
Brrunno [24]

Lego the most beautiful product which targets two different consumer segments or may be more,A danish based company best selling construction toy in the planet to make these sets it takes years to design and development which enables the portal to kids from the age of 3 to a civil engineer in is 40s. It take is simple logic building blocks children spent 5 billion hours on Lego and why is it interesting is because with 6 pieces of 8 studded blocks a person can built 915 million different combinations. It may not be fascinating for the kids but the adults love new challenges. Lego there is a brand called as Technic which makes the Lego come to life.

Lego Duplo is for the the kids between 2-5, Lego Classic is for kids , Lego creator is for 7 to 12 years Lego Technic can range 11 to 16 Lego creator which is 16 + age so this is how communication has been made for each target.

Explanation:

Marketing mix or the 4p's of marketing Price,Promotion, Product and Placement.

Consumer Segment are comprises of the age group a category that people are influenced to buy a certain product example Coca-Cola is mostly drank by elderly people but Pepsi is drank buy youngster at the adolescent age.

Communication is important as to it implies on a way it has been presented it could be either by social media or by google or pamphlets etc.

3 0
3 years ago
ou manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. The rate on Treasury bills is 6%.
serg [7]

Answer:

Reward to volatility ratio = 0.71

Explanation:

Given the expected risk premium = 10%

Standard deviation = 14%

The rate on treasury bills = 6%

The investment amount  that the client chooses to invest  = $60000

Expected return of equity = the expected risk premium  + The rate on treasury bills

Expected return of equity = 10% + 6% = 16%

Standard deviatin = 14%

Reward to volatility ratio = (expected return - risk free rate) /standard deviation

Reward to voltality ratio = (16% -6%)/14%

Reward to voltality ratio = 0.71

4 0
3 years ago
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