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Category > Business & Finance Posted 15 Jul 2017 My Price 8.00

You are considering investing in a fledgling company

You are considering investing in a fledgling company that cultivates abalone for sale to local restaurants. The proprietor says he’ll return all profits to you after covering operating costs and his salary. How many abalone must be harvested and sold in the first year of operations for you to get any payback? (Assume no depreciation.)

Price per adult abalone = $2.00

Variable costs = $0.72

Fixed costs = $300,000

Salaries = $40,000

Tax rate = 35%

How much profit will be returned to you if he sells 300,000 abalone?

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Status NEW Posted 15 Jul 2017 10:07 AM My Price 8.00

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