Create a business providing a SERVICE, not a product. For example small repairs on cars or...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Create a business providing a SERVICE, not a product. For example small repairs on cars or computers or clothes. Or painting or house maintenance. Anything that requires time. Answer the following Questions: See chapter 8 - Time and Material Pricing and watch the Zoom chapter 8 examples I will make available Thursday. 1. How many hours do you think you can bill in a year? 2. What are your costs for the year. List them. For example, your salary, your employees costs, transportation, supplies, equipment, cost of accounting for payments, etc. 3. Divide your total costs by the number 1 answer, hours. This is your cost per hour. You need to bill your customers this amount per hour to break even. 4. How much do you want in profit per hour 5. Add #3 and #4 and this is this is the total amount to bill your customers per hour. 6. Do you think they will pay this much? Create a business providing a SERVICE, not a product. For example small repairs on cars or computers or clothes. Or painting or house maintenance. Anything that requires time. Answer the following Questions: See chapter 8 - Time and Material Pricing and watch the Zoom chapter 8 examples I will make available Thursday. 1. How many hours do you think you can bill in a year? 2. What are your costs for the year. List them. For example, your salary, your employees costs, transportation, supplies, equipment, cost of accounting for payments, etc. 3. Divide your total costs by the number 1 answer, hours. This is your cost per hour. You need to bill your customers this amount per hour to break even. 4. How much do you want in profit per hour 5. Add #3 and #4 and this is this is the total amount to bill your customers per hour. 6. Do you think they will pay this much?
Expert Answer:
Answer rating: 100% (QA)
Lets say we are starting a business that offers computer repair services to customers 1 How many hou... View the full answer
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th edition
Authors: George H. Bodnar, William S. Hopwood
Posted Date:
Students also viewed these finance questions
-
The nick lumber company is in the process of deciding whether to sell or process further rough sawn lumber, the joint cost of producing the rough sawn lumber is $10,500, the following data is...
-
The Environmental Protection Agency (EPA) is in the process of investigating a possible water contamination issue at the manufacturing facility of Northwest ForestProducts. The EPA has not yet...
-
A New York-based MNC is in the process of staffing a subsidiary in New Delhi, India. Why would it consider using expatriate managers in the unit? Local managers? Third-country managers?
-
1- The z-axis carries filamentary current of 10. A. Find Hat (-3,74,0) ? p= = = 2- The Y-axis carries filamentary current of 10 A. Find H at (-3,4,1) ? p= ,= = p= , = H p= 3- The X-axis carries...
-
a. What role does intent play in determining whether a transfer is a gift and therefore not subject to the income tax? b. Are tips received by employees from customers excludable from gross income as...
-
The daily exchange rate of one dollar in euros during the first three months of 2007 can be inferred to have the following distribution. X P(x) 0.73 ... 0.05 0.74 ... 0.10 0.75 ... 0.25 0.76 ... 0.40...
-
Calculate the energy density versus temperature very early in the universe when the temperatures were above \(k T=300 \mathrm{MeV}\). At those temperatures, quarks and gluons were released from...
-
Victoria Companys balance sheet at December 31, 2013, is presented below. During January 2014, the following transactions occurred. Victoria uses the perpetual inventory method. Jan. 1 Victoria...
-
What are the key components of a relational database management system? Why are relational database management systems different from database models that preceded the relational model?
-
FREE-CASH-FLOWS-BASED VALUATION. In Problem, we projected financial statements for Wal-Mart Stores, Inc. (Walmart) for Years +1 through +5. The data in Exhibits 13 (see pages 985987) include the...
-
Three parts are routed through the same operation. The daily production volume and processing times are shown in the following table. The operation is available 400 min/day, and the total setup times...
-
Based on the following information use a two-stage growth model to estimate the XYZ Corporation's stock price. The most recent dividend $ 2.70 Investor's required rate of return 13.0% Expected...
-
What tax rate is applied on Juliana's Strongsville income tax return?
-
Exactly five years from today, Prisha would like to buy an entertainment system with cash. Prisha currently has $750 saved in an investment account that pays interest of 4.75% p.a., but with monthly...
-
A Treasury bill has a face value of 100K, 177 days to maturity, and is selling for $98 thousand. What is the effective annual yield on this bill? Enter answer in percents, accurate to two decimal...
-
For the 11-bit binary string 01001100011: a) Find the number of transitions for the encoding schemes Manchester & Differential Manchester b) If the above combination rate is 10Mbps, calculate the...
-
Compare and evaluate two websites based on the following criteria: branding image, incentives offered, generating lead potential and providing customer service. Online and Interactive Communications....
-
Splitting hairs, if you shine a beam of colored light to a friend above in a high tower, will the color of light your friend receives be the same color you send? Explain.
-
Discuss the relative advantages and disadvantages of inverted files and list or ring structures (pointer- field structures) in answering inquiries of the following types. a. Are there any records...
-
Identify errors in the use of symbols in the BPD in this figure. The sales business process at Salt Company begins with credit approval. The bank center is contacted for credit authorization and...
-
The Western Savings and Loan Association, a client of yours, recently installed a new online, real- time computer system. Each teller in the associations main office and seven branch offices has an...
-
The most appropriate response to Nkomos Question 1 would be that the present value of future residual earnings is expected to be: A. zero. B. positive. C. negative. Mangoba Nkomo, CFA, a senior...
-
The most appropriate response to Nkomos Question 2 would be that the firms return on equity (ROE ) is: A. equal to the firms cost of equity. B. lower than the firms cost of equity. C. higher than the...
-
Based upon the information in Exhibit 2, the intrinsic value per share of the equity of Jackson Breweries is closest to: A. R97.67. B. R130.22. C. R186.03. Mangoba Nkomo, CFA, a senior equity analyst...
Study smarter with the SolutionInn App