Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using a business that provides tutoring services (Math $200 per lesson - Science $200 per lesson - English $200 per session) and was given $100k
Using a business that provides tutoring services (Math $200 per lesson - Science $200 per lesson - English $200 per session) and was given $100k from an investor for 40% of the company. The business has 5 employees, each paid as part-time employees (no insurance or benefits) at a rate of $50 per hour for 5 hours of work per week. The business is estimated to generate 15 hours of tutoring per week in year one, then double in year two and three.
Determine the following: Determine the return on investment for any angel investor.
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