New employee work for the owner to break even

Assignment Help Financial Management

Reference no: EM13954733

A local business owner is considering adding another employee to his staff in an effort to increase the number of hours that the store is open per day. If the employee will cost the owner $4,000 per month and the store takes in $50/hour in revenue with variable costs of $15/hour, how many hours must the new employee work for the owner to break even?

Reference no: EM13954733

Questions Cloud

What are the strengths of the idea argument and position : What is the main idea/argument/position that the author is presenting? What are the strengths of the idea/argument/position? What are the weaknesses of the idea/argument/position?

In present value terms, how much better : Suppose you are Harry's agent and you wish to evaluate the two contracts using a required rate of return of 12 percent. In present value terms, how much better is the second contract?

What is the name of the pdf or pmf of x : What is the mean number of Product A that Bob inspects in one hour?

Capital section of the balance sheet : Show the capital section of the balance sheet after the two share issues and also identify how many shares a holder of 1,000 shares before the issues will have afterwards.

New employee work for the owner to break even : A local business owner is considering adding another employee to his staff in an effort to increase the number of hours that the store is open per day. If the employee will cost the owner $4,000 per month and the store takes in $50/hour in revenue wi..

Comprehensive understanding of key concepts : The final assignment for this course is a research paper. This paper will reflect comprehensive understanding of key concepts that have been discussed during this course. This assignment will provide you with the opportunity to apply related urb..

Explain the difference between public, for-profit : Discuss the major differences among these three legal structures, as well as the benefits and drawbacks from a legal and regulatory perspective.

Secretary arrange for the firm to break even : A firm is considering adding a second secretary to answer phone calls and make appointments. The cost of the secretary will be $10/hour and she will work 200 hours each month. If each new client adds $400 of profit to the firm, how many clients must ..

Statement of financial position of comp plc : The following is an extract from the statement of financial position of Comp plc as at 31.3.X6:

User Account

All Pages