How many car-rental days each month to breakeven, Microeconomics

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How many car-rental days each month to breakeven

Jim's Car Rental has fixed costs of $220,000 per month and variable costs per car rented per day of $3. If Jim's charges $25 per day to rent a car, how many car-rental days (the number of cars rented times the number of days each is rented) must Jim's have each month to breakeven?

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Microeconomics: How many car-rental days each month to breakeven

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Request for Solution File

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Microeconomics: How many car-rental days each month to breakeven

Reference No:- TGS062448

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Deferred income tax liability

Q : What is the book value for the preferred stock

Q : Business-cycle expansion-long-run economic growth

Q : What is the rate of return on assets for eastern corporation

Q : How many car-rental days each month to breakeven

Q : What is the amount transferred from the retained earnings

Q : What would be the total paid-in capital

Q : Governmental accounting practices

Q : What loss the company would report

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How many car-rental days each month to breakeven

Reference No:- TGS062448

Recent Questions Asked Microeconomics

Q : Deferred income tax liability

Q : What is the book value for the preferred stock

Q : Business-cycle expansion-long-run economic growth

Q : What is the rate of return on assets for eastern corporation

Q : How many car-rental days each month to breakeven

Q : What is the amount transferred from the retained earnings

Q : What would be the total paid-in capital

Q : Governmental accounting practices

Q : What loss the company would report

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