What is the break-even point based on this information? Janet is free app available of apple or
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What is the break-even point based on this information?
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Janet is free app available of apple or android. Users will be able to pay for meetings with financial advisor. Those advisors would get paid on a flat rate basis. The users can pay for each meeting or users can pay for set amount of meeting at time in a form of package deal. One 15-Minute Meeting with an Advisor: $6.99 One 30-Minute Meeting with an Advisor: $14.99 Expenses: Development of the app: $150,000 +Monthly: Fixed Costs Developer Cost Servers Payment Gateways App store Google play Variable Costs Emergency Maintenance Customer Support Finance Professionals Marketing Total Costs $10,000 $60 $149 $99 $25 $1,000 $100 $1,000 $7,000 $19,433 Janet is free app available of apple or android. Users will be able to pay for meetings with financial advisor. Those advisors would get paid on a flat rate basis. The users can pay for each meeting or users can pay for set amount of meeting at time in a form of package deal. One 15-Minute Meeting with an Advisor: $6.99 One 30-Minute Meeting with an Advisor: $14.99 Expenses: Development of the app: $150,000 +Monthly: Fixed Costs Developer Cost Servers Payment Gateways App store Google play Variable Costs Emergency Maintenance Customer Support Finance Professionals Marketing Total Costs $10,000 $60 $149 $99 $25 $1,000 $100 $1,000 $7,000 $19,433
Expert Answer:
Answer rating: 100% (QA)
The breakeven point is the point at which the total revenue equals the total cost To calculate the b... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
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