Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

How Many Days of Hire are Needed to Break Even this Year? - Company Operational Fixed Cost: Salaries - $1.2 million Office/Structure - $600,000 Misc

How Many Days of Hire are Needed to Break Even this Year?

- Company Operational Fixed Cost:

Salaries - $1.2 million

Office/Structure - $600,000

Misc - $700,000

- Debt Fixed Cost (Debt servicing & Insurance Coverage) :

$11,000/day based on one year deb service

- Variable Costs (Food/Gas) :

$1,500 per day

- $22,000 daily rate (market decides that rate)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management

Authors: Rob Quail, Ricardo J. Rodriguez

2nd Edition

1557868441, 9781557868442

More Books

Students also viewed these Finance questions

Question

★★★★★

Polly Propylene has started two polymerization reactions. One flask contains a monomer that polymerizes by a chain-growth mechanism, and the other flask contains a monomer that polymerizes by a...

Answered: 1 week ago

Question

★★★★★

Adam Fionte, an entry-level staff member in a public accounting firm, prepared the following working paper, the lead sheet, for J&K Sales Co., Inc., for December 31, 1998 trade accounts receivable:...

Answered: 1 week ago

Question

★★★★★

3. Be flexible in your expectationsa students label or your judgment might be wrong.

Answered: 1 week ago

Question

★★★★★

A CPAs audit working papers contain a narrative description of a segment of the Croyden Factory, Inc., payroll system and an accompanying flowchart as follows: The internal control system with...

Answered: 1 week ago

Question

★★★★★

Question A Ipen, a pension fund, computes the duration of its liabilities, currently valued at $ 1 . 9 7 billion, and comes to a figure of 3 4 . 5 . Assuming parallel shifts in the yield curves, what...

Answered: 1 week ago

Question

★★★★★

A financial service has 500 clients enrolled, and the upper management wants to know whether the service it provides to affluent clients differs from the service it provides to lower-income clients....

Answered: 1 week ago

Question

★★★★★

Hunter is a new federal borough of investigation agent who is assigned to Las Vegas. He owns a midnight sedan insured by a personal auto policy. The FBI will not provide Hunter with a car so he will...

Answered: 1 week ago

Question

★★★★★

Research Paper Outline Introduction 1)Non-Compete Agreements- define what is a non compete agreement, history, and why they were created 2) When are these agreements enforceable i.e. definition and...

Answered: 1 week ago

Question

★★★★★

You are managing a medium size construction company suffering from employee absence , staff turnover and low productivity. You want to train you divisional managers to influence their teams to...

Answered: 1 week ago

Question

★★★★★

Choose a product and discuss its full lifecycle (Steps 1-5). Indicate where it is in the life cycle currently. When do you predict the life cycle will end? Why do you think it will end?

Answered: 1 week ago

Question

★★★★★

A) she been presented with the option to take a lump sum payment of $ 750,000 today or payment in the amount $75,000 over next ten years. Assume 3% interest rate. which preferred option based the...

Answered: 1 week ago

Question

★★★★★

2. There is no simple solution to the distractions that we face in our personal and work lives. Jackson states that the solution to the issue is self-discipline. Many distractions are self-initiated....

Answered: 1 week ago

Question

★★★★★

1. Analyze what filters were in place to block effective communication between the hospital administrators, medical staff, and affected patients.

Answered: 1 week ago

Question

★★★★★

3. Is your life filled with too many distractions? If so, analyze what can be done to eliminate the stress and tension (distractions) and make room in your life for more meaningful communication. If...

Answered: 1 week ago

Previous Question Next Question