13. Micromedia offers computer training seminars on a variety of topics.In the seminars each student works at a personal computer, practicingthe particular activity that the instructor is presenting. Micromedia iscurrently planning a two-day seminar on the use of Microsoft Excel instatistical analysis. The projected fee for the seminar is $600 perstudent. The cost for the conference room, instructor compensation,lab assistants, and promotion is $9600. Micromedia rents computersfor its seminars at a cost of $60 per computer per day.a. Develop a model for the total cost to put on the seminar. Let xrepresent the number of students who enroll in the seminar.b. Develop a model for the total profit if x students enroll in theseminar.e. Micromedia has forecasted an enrollment of 30 students for theseminar. How much profit will be earned if its forecast isaccurate?d. Compute the breakeven point.

Fixed cost = $9,600Variable cost = $60 × 2 = $120Revenue per student = $600 (a) Total cost (C):…

Answered: 13. Micromedia offers computer training…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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