C1. Portfolio Mix (Chosen: 60% Recourse / 40% Non-Recourse)

Model Margin
Recourse (Scale) $350
Non-Recourse $475

C2. Corrected Blended Margin

Blended Margin
  = 0.6 × 350  +  0.4 × 475
  = 210        +   190
  = $400 per invoice

Blended Margin (Corrected): $400

C3. Break-Even Analysis (Corrected)

Fixed Monthly Costs: $45,000

Break-Even Invoices
 = 45,000 / 400
 = 112.5 invoices/month

Rounded → 113 invoices per month

Break-Even Volume
 = 113 × $10,000
 = $1.13M / month

Break-Even:

C4. Sensitivity Analysis

Portfolio Mix Sensitivity

Mix Blended Margin BE Invoices Monthly Volume
70/30 0.7×350 + 0.3×475 = $387.50 117 $1.17M
60/40 (chosen) $400 113 $1.13M
50/50 $412.50 109 $1.09M

Insight: