You own and manage a yard care business in which you charge $50 per visit to care for each yard (your revenue). Your labor, fuel, and other variable costs are 30.5% of revenue, and you have $40,000 in fixed costs. How many visits to care for yards must you perform in a year to break even?
You own and manage a yard care business in which you charge $50 per visit to care for each yard (your revenue). Your labor, fuel, and other variable costs are 30.5% of revenue, and you have $40,000 in fixed costs. How many visits to care for yards must you perform in a year to break even?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You own and manage a yard care business in which you charge $50 per visit to care for each yard (your revenue). Your labor, fuel, and other variable costs are 30.5% of revenue, and you have $40,000 in fixed costs. How many visits to care for yards must you perform in a year to break even?
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