Question andre has asked you to determine his business

Assignment Help Financial Accounting
Reference no: EM13349200

Question :

Andre has asked you to determine his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Every barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, despite 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. Consider 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 subsequent information.

Locate the contribution margin per haircut. Consider that the barbers' compensation is a fixed cost. Show calculations to support your answer.

Evaluate the annual break-even point, in number of haircuts.

Reference no: EM13349200

Questions Cloud

Question 1a evidently give details of the concept of : question 1a evidently give details of the concept of performance managementb examine the various behavioural and
Question 1 bures jeep tours operates jeep tours in the : question 1. bures jeep tours operates jeep tours in the heart of the colorado rockies. the company bases its budgets on
Question when would the balance sheet disclosure arising : question when would the balance sheet disclosure arising from the current rate method become realized?a.it is
Question 1 chi corporation trades an asset with a book : question 1. chi corporation trades an asset with a book value of 20000 for other asset with a fair market value of
Question andre has asked you to determine his business : question andre has asked you to determine his business andres hair styling. andre has five barbers working for him.
Question1create journal entries for the subsequent related : question1create journal entries for the subsequent related transactions using the gross method1 sale of inventory on
Question evaluate the amounts for cogs on the income : question evaluate the amounts for cogs on the income statement and the ending inventory at cost on the balance sheet
Question columbia bank and trust is considering providing : question columbia bank and trust is considering providing gallup company a loan. before doing so it decided that
Question 1motivation refers to the level of willingness of : question 1motivation refers to the level of willingness of being to pursue some chosen goal and implies the strength of

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the difference between us gaap and ifrs

a. What activities are included in the statement of cash flows under the section entitled "Cash flows from financing activities"? What is the difference between U.S. GAAP and IFRS with regard to the correction of accounting errors?

  Evaluate the likely return on an investment

Evaluate the likely return on an investment in this stock if the market falls 5%

  What is zippy economic profit in the first year

what is zippy's economic profit (or loss) in the first year? I tried looking up the equation but just want to double check

  Decision making as to process further

Decision making as to process further or sale out - Should MSB and CBL be processed further or sold immediately after initial milling

  What cost information would be relevant to a decision

Using the concept of incremental analysis, expand on Nick's response on "why do you want to know?" what cost information would be relevant to a decision to drop the product that would not be relevant to a decision to increase a production by 100 u..

  Record the journal entries necessary on crain''s books

Record the journal entries necessary on Crain's books for 2005 assuming that Crain uses the equity method to account for its investment in Downey.

  Effect of capital structure on companies value per share

Effect of capital structure on companies value per share - market-value balance sheets, assuming the capital structure before recapitalization. Please complete the worksheet for the recapitalization alternative.

  What is its profit margin

Franklin Bedding, Inc. has assets of $400,000 and turns over its assets 1.5 times per year. Return on assets is 12 percent. What is its profit margin (return on sales)?

  Write a response to these congress-people explaining

Write a response to these Congress-people explaining the importance of neutrality in financial accounting and reporting.

  What amount should portfolio be valued on the balance sheet

At what amount should the portfolio be valued on the balance sheet and What amount, if any, should appear on the operating statement?

  For first quarter prepare a cash budget

direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter. For first quarter p ..

  Illustrate what is the minimum price that company should set

Assume if PowerPunch sells for $7.25 per bottle, how much profit does the company earn per bottle of PowerPunch that it sells? Illustrate what is the minimum price that the company should set per bottle of SlimLife?

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!

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