Terrier Financial Services has fixed costs of 12,500,000. Shareholders expect a profit return before interest and taxes

Question:

Terrier Financial Services has fixed costs of £12,500,000. Shareholders expect a profit return before interest and taxes of £5,000,000. Terrier achieves an average margin of 1.5% on the volume of client money handled. What is the volume of money that has to be handled to achieve the profit target?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: