While discussing future business plans a colleague says, If we cant make $100,000 operating profit...
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Accounting
While discussing future business plans a colleague says, If we cant make $100,000 operating profit next year, we should cease business. You agree to run the numbers. Based on what we have discussed in class, what types of numbers do you need to determine, first, if the company can break-even, and then if they can achieve the profit they want? Discuss conceptually rather than using actual numbers. Use the proper accounting terms in your discussion.
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