Question
Consider the following information Initial investment = 15,000 Total cost for everything = 12,530 Monthly revenue =2455 Monthly cost = 4124 Calculate the break-even time
Consider the following information
Initial investment = 15,000
Total cost for everything = 12,530
Monthly revenue =2455
Monthly cost = 4124
Calculate the break-even time
When the monthly cost = monthly revenue
- How much time we need to generate profit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The breakeven time can be calculated using the formula textBreakeven time fracInitial I...
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Step: 2
Step: 3
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
