When determining your revenue stream, what question should you ask yourself?
a. How do I establish and maintain relationships with customers?
b. How much are my customers willing to pay?
c. What are the most important costs inherent in the business model?
d. What resources are the most expensive to get?
b. How much are my customers willing to pay?
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On June 1, Michael Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000and an estimated useful life of 3 years or 30,000 hours. Using straight-line depreciation, calculate depreciation expense for the second year
a. $17,500 b. $12,500 c. $30,000 d. $40,000
Which of the following options would you choose to have if the rate of discount is 20 percent?
A. $300 in one year B. $350 in two years C. $420 in three years D. $1500 in ten years
Which formula is equivalent to the array formula in cell B6?
a) =B2+B3+B4
b) =B2+B4+B5
c) =C2*D2+C3*D3+C4*D4+C5*D5
d) =B2*D2+B3*D3+B4*D4+B5*D5
e) =B2*C2+B3*C3+B4*C4+B5*C5
Explain the role of a sales forecast in break-even analysis
What will be an ideal response?