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How do you calculate the revenue required to meet income target after tax (profit) Tiffany Hopkinson established and ran a small workshop that...
How do you calculate the revenue required to meet income target after tax (profit)
Tiffany Hopkinson established and ran a small workshop that manufactured original design quality jewelry. What began as a hobby for sale in craft shows grew into a small on-line business. Later, it became a manufacturer for upscale jewelry shops in tourist locations across the country. To accommodate the greater volume, Ms. Hopkinson opened a small workshop in the historic district of Stinson Beach, California, about 25 miles north of San Francisco. She paid the following prices for some of her raw material: Gold $1,380 per ounce, Silver $17.25 per ounce. Gold and Silver prices have been volatile making pricing difficult.
