A couple needs to start a small-scale flight charter company to serve the mining, petroleum, scientific, and wilderness adventure customers of northern Canada but worry that their monetary base that is thin necessitates an ample scale of flight operations during their very first year.
If a considerable revenue stream was slow to grow, or expenses were too high, their first year might be their last year-they had no financial slack. The fundamental question is, given their preliminary budget amounts for the coming year, what degree of revenue-generating flight miles did they want to just break even?
PUBLICATION DATE: October 10, 2011 PRODUCT #: UV5245-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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