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A proffessor is making 9 5 0 dollars per month. He s struggling to sustain a life according to his standards. That s why he
A proffessor is making dollars per month. Hes struggling to sustain a life according to his standards. Thats why hes thinking about quitting his job and start a business. After making someone prepare a business plan for him for dollars, he investigated the financial plan inside that business plan and finds out that the initial investment thats required by this business is thousand dollars. The labor and material cost is going to be roughly one third of the selling price. If he assumes that the sales are going to be fixed for units per month for the upcoming months. If the selling price per unit is dollars. Is his decision for quitting and starting a business going to make sense if he makes the evaluation according to the investment horizon of years?
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