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As Roya expands her business, she is thinking about incorporating and is wondering if you can provide any insight on the pros and cons of

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As Roya expands her business, she is thinking about incorporating and is wondering if you can provide any insight on the pros and cons of incorporation. Under an incorporated set-up, Roya would collect a monthly salary of $2,000 from the company to start. If she scales back her other job, Roya would bump the monthly salary up to $3,000. Roya has heard of cost-volume-profit (CVP) analysis and is wondering if the $3,000 monthly salary is treated as a fixed expense and other expenses are listed in the table below, how many annual tutoring hours (and total revenues) would she need to break-even? What would be her margin of safety? What does her CVP graph look like? Projected costs for 2024: Roya is wondering how the above costs would be recorded in a proper accounting system- she feels everything in the table is a variable cost but is not sure. Another concern is that she uses the car for

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