Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rupert fish sells average fish for $ 12.00 which it purchases from various individuals for $ 5.00 each. Rupert fish has to pay $ 1,000.00
Rupert fish sells average fish for $ 12.00 which it purchases from various individuals for $ 5.00 each. Rupert fish has to pay $ 1,000.00 for rent every month, utilities of $ $500.00 and salary of $ 12,000 every month. The income tax rate is 10%. ( 15 marks)
- How many fish does Rupert fish need to sell to breakeven per month?
- How many fish does Rupert fish needs to sell to get the monthly net income after tax of $ 5,000
- How much fish does Rupert fish needs to sell to get after tax net income of $ 4,900
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