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For the past ten years, you've worked at a PETCO Salon as a dog groomer. You're thinking of starting your own dog grooming business. You found place you could rent that's right next to a popular shopping center, and two of your friends (who are also dog groomers) have agreed to work for you. The problem is that you need to borrow money to start the business and your banker has asked for a break-even analysis. You have prepared the following cost estimates of your first year of operations. Fixed Costs Salaries $105,000 Rent and Utilities $36,000 Advertising $2,000 Equipment $3,000 Variable Cost per Dog Shampoo $2.00 Coat conditioner $1.50 Pet cologne $0.75 Dog treats $1.25 Hair ribbons $0.50 You went online and researched grooming prices in your area. Based on your review, you have decided to charge $32 for each grooming. Part 1: What's the break even point in units--how many dogs will you need to groom in the first year to break even? If you and your two employees groomed dogs five days a week, seven hours a day, fifty weeks a year, how many dogs would each of you need to groom each day? Is this realistic given that it takes one hour to groom a dog? Part 2: If you raised your grooming fee to $38, how many dogs would you need to groom to break even? At this new price, how many dogs will each of you have to groom each day (assuming, again, that the three of you groom dogs fifty weeks a year, five days a week, seven hours a day? Part 3 Would you start this business? What price would you charge to groom a dog? How could you lower the break-even point and make the business more profitable?
question national shops inc. reported the subsequent amounts on its balance sheet as of 31st december
Which of the following statements about managerial accountants is false?
Describe how the Accounting Equation is impacted
With permission of owner, Winn made structural modifications to the building before occupying the space at a cost of $180,000. The useful life of building and the structural modifications were predictable to be 30 years with no residual value.
What post implementation and feedback mechanisms would you have in place to evaluate the effectiveness of the process? What measures would you use?
diversified industries is a large conglomerate and is continually in the market for new acquisitions.nbsp the company
Calculation of Adjustment Entries for COLO COMPANY Work Sheet For Month Ended May 31, 2005
This cost increases to 8.75 cents per mile if a truck is driven 60,000 miles per year. Estimate the cost formula for truck operating costs using the high-low method.
Banks Corporation purchased 400 shares of Herman Inc. common stock as an available-for-sale investment for $13,200. During the year, Herman paid a cash dividend of $3.25 per share. At year-end, Herman stock was selling for $34.50 per share. Prepare B..
Evaluate the degree of operating leverage for CellU. and evaluate the degree of financial leverage for CellU and determine the degree of total leverage for CellU.
Calculate all the possible variances for the year ended 31 December 2007 not yet calculated by the management accountant. Using your calculated variances and those of the management accountant, reconcile budgeted profit to actual profit or loss fo..
Although subsequent interest income and interest expense will not agree in amount, both balances should be eliminated for consolidation purposes. In computing any noncontrolling interest allocation, the interest income should be included but not ..
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