Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tina, an entrepreneurial business student, wants to set up a business completing tax forms for other students. Her price would be $42.00 for each job.

image text in transcribed

Tina, an entrepreneurial business student, wants to set up a business completing tax forms for other students. Her price would be $42.00 for each job. Fixed expenses include $162.00 for the tax software which Tina would purchase. Tina would hire some accounting students to complete the forms, paying them for two hours at $14 per hour for each job. She would also have paper and supplies costs of $5 per job. How many jobs would she have to generate before she starts to make a profit? Make the assumption that it takes an accounting student two hours to complete one tax return. tax returns before she starts to make a profit. Tina would have to generate (Round up to the nearest unit.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Managerial Finance

Authors: Alan Parkinson

1st Edition

0750618264, 978-0750618267

More Books

Students also viewed these Finance questions