question archive Assume a local Cost Cutters provides cuts, perms, and hairstyling services
Assume a local Cost Cutters provides cuts, perms, and hairstyling services
Subject:Computer SciencePrice:2.89 Bought3
Assume a local Cost Cutters provides cuts, perms, and hairstyling services. Annual fixed costs are $120,000, and variable costs are 40 percent of sales revenue. Last year's revenues totaled $240,000.
Required:
a. Determine its break-even point in sales dollars.
b. Determine last year's margin of safely in sales dollars.
c. Determine the sales volume required for an annual profit of $70,000.
