Consider the following information Initial investment = 15,000 Total cost for everything = 12,530 Monthly revenue =2455

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Consider the following information

Initial investment = 15,000

Total cost for everything = 12,530

Monthly revenue =2455

Monthly cost = 4124

Calculate the break-even time

When the monthly cost = monthly revenue

- How much time we need to generate profit

Related Book For answer-question

Intermediate Accounting

ISBN: 9787300071374

3rd Edition Vol. 1

Authors: Kin Lo, George Fisher

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Posted Date: Dec 26, 2023 12:04 AM

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Consider the following information Initial investment = 15,000 Total cost for everything = 12,530 Monthly revenue =2455

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Expert Answer:

The breakeven time can be calculated using the formula textBreakeven time fracInitial I... View the full answer

Intermediate Accounting

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