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Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other fixed expenses are $1,750 per month. Hair shampoo used on all clients is .40 per client. Assume that the only service performed is the giving of haircuts (including shampoo), the unit price of which is $12. Andre has asked you to find the following information.
- Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost. Show calculations to support your answer.- Determine the annual break-even point, in number of haircuts. Support your answer with an appropriate explanation. Show calculations to support your answer.- What will be the operating income if 20,000 haircuts are performed? Show calculations to support your answer.- Suppose Andre revises the compensation method. The barbers will receive $4 per hour plus $6 for each haircut. What is the new contribution margin per haircut? What is the annual break-even point (in number of haircuts)? Show calculations to support your answer.
Can you please explain, the use of a prospectus developed before an IPO. Why does a firm do a road show before its IPO?
Etonic Inc. is considering an investment of $365,000 in an asset with an economic life of 5 years. The company estimates that the nominal yearly cash revenues and expenses at the end of the 1st year will be $245,000
Assume that at the starting of January 2000, you buy shares in Advanced Micro Devices. It is now 5-years later, and you decide to evaluate your holdings to see if you have done well with this investment.
Review General Motors bankruptcy that occurred throughout 2009. What type of bankruptcy was it (what Chapter) and what kinds of decisions went into the bankruptcy declaration?
Describe the type of interest rate risk each institution faces. Propose swap which would result in each institution having the same type of asset and liability cash flows.
Annual net income from this equipment is evaluated at $8,100, $10,300, $17,900, and $19,600 for four years. Must this purchase happen based on accounting rate of return? Why or why not?
Suppose that a firm has following Income Statement. Use this information to estimate the business risk and the financial risk as measured by the degree of operating leverage.
How do public oversight boards help prevent financial statement fraud? About half of all financial statement fraud crimes involve:
Find the standard deviation of this return and show your answer as a percentage to three decimal places
What is the relationship between the future value factor for five years at 5 percent and the present value factor for five years at 5 percent?
Rodney Rogers, a recent business school graduate, plans to open a wholesale dairy products firm. The business will be completely financed with equity.
Computation of value of share and What is the value of a share of Gamma Corporation common stock to an investor who requires a 20% return on an investment
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