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A barbershop has the following expenses: Rent is $1100/month Depreciation on equipment is $400 per month Utilities are $800 per month and advertising is $300 per month The fixed salaries for the barbers are $5,500 per month

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A barbershop has the following expenses: Rent is $1100/month Depreciation on equipment is $400 per month Utilities are $800 per month and advertising is $300 per month The fixed salaries for the barbers are $5,500 per month. In addition to the salary above the barbers receive $4.50 per haircut supplies cost $.50 per haircut The price for a haircut is $14.00 1 How many haircuts do they have to do per month to break even? 2 How much profit or Loss do they make if they do 1000 haircuts in a month? 3 They have space for another chair. If they hire another barber for $1,800/month and the same variable costs, What will be the break-even number of haircuts for the shop? 4 Given the original assumptions, If they raised the price to $15.00, what would be the breakeven number of haircuts per month?