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Richard 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
Richard 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 $100 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. Richard would like to make $3,850 so he can pay off his car loan and save for a much-needed trip. (a) Your answer is correct. How many cleaning/repair sessions does Richard need to provide to reach his before-tax profit goal this year? Number of sessions sessions Richard's friend reminds him that he'll have to pay taxes on any income that he earns. If Richard's tax rate is 30%, how many sessions will he need to provide if he still wants to earn after-tax profit of $3,850 ? Number of sessions sessions
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