User Account

All Pages

Determine the variable costs per haircut

Assignment Help Accounting Basics
Reference no: EM132067074

Question - Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,510 per month. One of the barbers serves as the manager and receives an extra $550 per month. In addition to the base rate, each barber also receives a commission of $5.61 per haircut.

Other costs are as follows.

Advertising

$250

per month

Rent

$960

per month

Barber supplies

$0.39

per haircut

Utilities

$170

per month plus $0.38 per haircut

Magazines

$25

per month

Vin currently charges $11.38 per haircut.

Determine the variable costs per haircut and the total monthly fixed costs.

Reference no: EM132067074

Questions Cloud

What is the stock coefficient of variation : You are given the following probability distribution for CHC Enterprises: What is the stock's coefficient of variation? Round your answer to two decimal places.
Fair option premium by using binomial option-pricing model : For a 125 days call option with Strike price = $1.15/€, what is the fair option premium by using binomial option-pricing model?
What derivatives are and how are they used to manage risk : Explain how the risk-free rate, market risk premium and stock beta are used to calculate expected returns using the capital asset pricing model (CAPM).
What is wce required rate of return : What is WCE's required rate of return? Round your answer to 2 decimal places. Do not round intermediate calculations.
Determine the variable costs per haircut : He employs 5 barbers and pays each a base rate of $1,510 per month. Determine the variable costs per haircut and the total monthly fixed costs
What current events might impact the markets : which markets are performing well? Which are highly volatile? What current events might impact the markets?
Compute the cash flow to creditors : If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) Cash flow to creditors= $
How many years will it take to exhaust her funds : How many years will it take to exhaust her funds (i.e., run the account down to zero)?
Break-even point between option hedge and forward hedge : According to the following information, which rate is the break-even point between option hedge and forward hedge?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd