Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A management consulting company charges $330.00 per hour for their consulting services. Their fixed costs are $840,000.00 per annum and variable costs are $48.00 per
A management consulting company charges $330.00 per hour for their consulting services. Their fixed costs are $840,000.00 per annum and variable costs are $48.00 per hour. a. Calculate the company's net income assuming that their annual sales are $2,762,500.00. Round to 2 decimal places. b. How many hours of consultation service would they be required to provide to make a net income of $2,560,000.00 per year? Round to the nearest whole number. c. Find the break-even point if the variable costs increase by $6 per hour. Round to the nearest whole number
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started