A management consulting company charges $330.00 per hour for their consulting services. Their fixed costs...
90.2K
Verified Solution
Question
Accounting
A management consulting company charges $330.00 per hour for their consulting services. Their fixed costs are $840,000.00 per annum and variable costs are $48.00 per hour. a. Calculate the company's net income assuming that their annual sales are $2,762,500.00. Round to 2 decimal places. b. How many hours of consultation service would they be required to provide to make a net income of $2,560,000.00 per year? Round to the nearest whole number. c. Find the break-even point if the variable costs increase by $6 per hour. Round to the nearest whole number
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.