Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
pixiedust7891 pixiedust7891
wrote...
Go to Answer
Posts: 119
Rep: 0 0
A year ago
Jenny's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Jenny's offers 15-minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her 5 employees based on expected client traffic. Each of the employees is paid $1,200 per month, with part of their pay coming from client tips. Jenny pays rent and overhead costs of $2,000 per month. Because of the quick nature of the service, Jenny doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.55 each. She also provides shampoo and conditioner for each client at a cost of $0.95 per client. The average price for a haircut is $12. Jenny pays herself $5,000 per month. Calculate Jenny's net operating income assuming 1,400 haircuts this month.

▸ $2,900

▸ $3,800

▸ $1,700

▸ $6,500
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 53 times
1 Reply
Replies
Answer verified by a subject expert
madizmmadizm
wrote...
#1
Posts: 125
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

pixiedust7891 Author
wrote...

A year ago
Good timing, thanks!
jmelchor77
wrote...

Yesterday
this is exactly what I needed
djeghri
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1268 People Browsing
 130 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 141
  
 419
  
 1044
Your Opinion
Previous poll results: What's your favorite math subject?