Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You started a consulting business that has fixed yearly operating costs of 9 5 9 . This past year, you sold consulting services of $
You started a consulting business that has fixed yearly operating costs of This past year, you sold consulting services of $ Your variable operating expenses are of your sales. You have no depreciation, no capital expenditures and no net working capital. If the tax rate is what is the minimum amount of sales need to be for your consulting business to breakeven?
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