Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mark is a computer-savvy millennial. he started hi

Mark is a computer-savvy millennial. He started his own business of provicfing computer cleaning and...

90.2K

Verified Solution

Question

Accounting

image
image
image
Mark is a computer-savvy millennial. He started his own business of provicfing computer cleaning and minor repairs to people in the community for $27 per one-hour session. Other than baving to pay $100 per year for a software license that helps him identify the issues on each device, his only other out-of-pocket cost is fuel to transport him to meetings with dients-about \$2 per session. Mark would tike to make $3,500 so he can pay off his car loan and save for much-needed trip. Mark's friend reminds him that hell have to pay taxes on any income that he earns. If Mark's tax rate is 30%, how many se will he need to provide if he still wants to earn after-tax profit of $3.500 ? Number of sessions Sessions eTextbook and Media Mark is also thinking about paying for local online advertising to grow his business. A one-year ad will cost $350. (c1) How many additional sessions would he need to sell in order to just cover this cost on an before-tax basis? Number of sessions sessions (c2) In your opinion, would this advertising be worth it? The advertising cost worth it: eTextbook and Media

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students