Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kenneth is a computer-savvy millennial. He started his own business of providing computer cleaning and minor repairs to people in the community for $27 per
Kenneth is a computer-savvy millennial. He started his own business of providing computer cleaning and minor repairs to people in the community for $27 per one-hour session. Other than having to pay $200 per year for a software license that helps him identify the issues on each device, his only other out-of-pocket cost is fuel to transport him to meetings with clients-about $2 per session. Kenneth would like to make $3,500 so he can pay off his car loan and save for a much-needed trip. How many cleaning/repair sessions does Kenneth need to provide to reach his before-tax profit goal this year? Number of sessions sessions Kenneth's friend reminds him that he'll have to pay taxes on any income that he earns. If Kenneth's tax rate is 30%, how many sessions will he need to provide if he still wants to earn after-tax profit of $3,500 ? Number of sessions sessions
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