Startup Costs Years 1 and 2 (COMBINED) Fixed Assets Amount Totals App Developmen

Question

Startup Costs Years 1 and 2 (COMBINED) Fixed Assets Amount Totals App Development Computer Equipment/Server Furniture and Fixtures Website $100,000 $10,000 $0 $10,000 $0 $25,000 $5,000 Content IP (video) 0 | Other fixed assets-10 iphones/10 laptops 1 Miscellaneous 2 Total Fixed Assets 3 150,000 Amount Totals 5 Operating Capital L6 17 Pre-Opening Salaries and Wages 18 Prepaid Insurance Premiums 19 Inventory 20 LEgal and Accounting Fees 21 Rent Deposits 22 Utility Deposits 23 Supplies 24 Advertising and Promotions 25 Licenses/Servers 26 Consultants (Dev, Design, Education, Legislative, Technology) $40,000 27 Working Capital (Cash on Hand) 28 Total Operating Capital 29 30 31 TOTAL REQUIRED FUNDS 40,000 $200 $0 $10,000 $0 $0 $500 $10,000 $1,600 $20,000 $122,300 $272,300 ADSheet1+ Read

Explanation / Answer

Your answer is right, you calculate break even point in terms of sales amount. But I think the answer given here in terms of quantity. And in this question there is not any information regarding sales price or whatever else to find the answer in terms of quantity.

Right answer in terms of amount is 150000/0.1847

= $812128

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