Question
Tina, an entrepreneurial businessstudent, wants to set up a business to complete tax forms for other students. Her price would be $53.00 for each job.
Tina, an entrepreneurial businessstudent, wants to set up a business to complete tax forms for other students. Her price would be $53.00 for each job. Fixed expenses include $255.00 for the tax software which Tina would purchase. Tina would hire some accounting students to complete the forms, paying them for three hours at $11 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 three hours to complete one tax return.
Tina would have to generate () tax returns before she starts to make a profit.
(Round up to the nearest unit) Is it 17? if isn't it, can you use the financial calculator to explain it based on that?
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