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Question 1 (10 points) You plan to start a grass-cutting service. You have identified the following costs: Lawn mower: $750 Rakes and other tools: $250
Question 1 (10 points) You plan to start a grass-cutting service. You have identified the following costs: Lawn mower: $750 Rakes and other tools: $250 Gasoline to power the mower: $4 per job Advertising: $2500 Labour: $20 per job Liability insurance premium: $1500 Truck lease: $199 per month + $3000 down payment . . On average, you will charge $48.50 per job . How many lawns (jobs) to break-even in a 7-month season? Calculate the breakeven revenue. . If 150 jobs are completed, what is the net income or loss? To have a net income of $5000, how many jobs are required? What other factors / costs should be considered
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