Expert Q&A Typically, Sheila works 200 days out of the year, eight hours per day. Her...

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Expert Q&A Typically, Sheila works 200 days out of the year, eight hours per day. Her standard labor rate is $40 per hour. She also marks up materials (including motor vehicle expenses) by 20% and bills them to the customer. In a typical year, materials add up to $30,000. As she is entering a new market, Sheila believes that her work will decline to about 1,000 hours next year. She is also planning on quoting slightly lower prices (perhaps at a rate of $35 per hour) in the hopes of gaining market share. Sheila believes she can grow her business to her usual volume in the next year and raise her rates to $40 per hour in the third year. Her hope was to reach 2,000 hours a year within five years, but that might need to change if she decides to take on the plant manager role. I Sheila is wondering if maybe she should look for an opportunity to partner up with an established contractor in the Vancouver region. She believes she can continue to charge $40 an hour this way and still work up to 1,000 hours in the first year. This approach could result in faster growth, with her reaching 2,000 hours in the second year. Of course, there would be the cost of buying into someone else's business. Sheila wants to know if a partnership would be worthwhile if she were to pay $15,000 to buy in. She wants a detailed pros and cons analysis of partnering up with a reputable BC-based contractor and a recommendation. 653 AM please work out what she will be earning in each scenario the business is in British Columbia, Vancouver, Canada. please work our all tax that she has to pay Expert Q&A Typically, Sheila works 200 days out of the year, eight hours per day. Her standard labor rate is $40 per hour. She also marks up materials (including motor vehicle expenses) by 20% and bills them to the customer. In a typical year, materials add up to $30,000. As she is entering a new market, Sheila believes that her work will decline to about 1,000 hours next year. She is also planning on quoting slightly lower prices (perhaps at a rate of $35 per hour) in the hopes of gaining market share. Sheila believes she can grow her business to her usual volume in the next year and raise her rates to $40 per hour in the third year. Her hope was to reach 2,000 hours a year within five years, but that might need to change if she decides to take on the plant manager role. I Sheila is wondering if maybe she should look for an opportunity to partner up with an established contractor in the Vancouver region. She believes she can continue to charge $40 an hour this way and still work up to 1,000 hours in the first year. This approach could result in faster growth, with her reaching 2,000 hours in the second year. Of course, there would be the cost of buying into someone else's business. Sheila wants to know if a partnership would be worthwhile if she were to pay $15,000 to buy in. She wants a detailed pros and cons analysis of partnering up with a reputable BC-based contractor and a recommendation. 653 AM please work out what she will be earning in each scenario the business is in British Columbia, Vancouver, Canada. please work our all tax that she has to pay