Rachel Thomas owns a law practice.She wishes to earn an income of $400 000 from the business (ignore tax).She expects to work 800 hours on clients in the year,if client work develops as expected.The firm incurs the following costs - leases of $1000 per month and salaries of $2000 per month.
How much must Rachel charge per hour,in order to earn her target profit?

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The Answer of Rachel Thomas owns a law practice.She wishes to earn an income of $400 000 from the business (ignore tax).She expects to work 800 hours on clients in the year,if client work develops as expected.The firm incurs the following costs - leases of $1000 per month and salaries of $2000 per month.
How much must Rachel charge per hour,in order to earn her target profit?

Rachel Thomas Owns a Law Practice