An entrepreneur plans on opening a new store. Their equity investment for equipment, furniture, and remodelling will
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Question:
- An entrepreneur plans on opening a new store. Their equity investment for equipment, furniture, and remodelling will be $298 000. Variable costs will be 70% of annual revenue. Fixed costs per year will be:
- Calculate the break-even sales level of the store.
- Calculate the sales level have to be to provide a 10% return on the entrepreneur's investment.
Related Book For
Principles Of Managerial Finance
ISBN: 9781292018201
14th Global Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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