Reference no: EM132805904
Building purchase: $400,000.
Annual insurance expense: $1,000.
Electricity expense: $200 per month.
Water expense: $50 per month.
Gas expense: $150 per month.
Property maintenance: $50 per month.
Internet and telephone: $160 per month.
Equipment & Furniture purchase: $120,000.
Management salaries: $2,800 per month.
Business tax expense: 13%
- The building purchase would require a 20 year mortgage with an interest rate of 3.2%. Depreciation would be at 5% per annum.
- The equipment and furniture purchase would be financed with a 5 year loan at an interest rate of 5.2%. Depreciation would be at 18%.
Problem 1: Calculate fixed expense in order to compute break even per year.
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