Felix Financial Training pays $4000 per month for rent and utilities and $600 per month for auto
Question:
Felix Financial Training pays $4000 per month for rent and utilities and $600 per month for auto insurance. The company pays its training consultants $100 per hour. The training sessions are conducted by one training consultant and typically last for 4 hours. The company charges its clients $1000 for a session.
a. How many sessions should the company sell per month to break even?
b. If the company wants to make a profit of $22,400 in a month, how many sessions should be sold? C. How many trainers will the company need to employ per month if it wants to make a profit of $22,400 per month? Assume that a training consultant works for 30 hours per month.
AppendixLO1
Step by Step Answer:
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans