2. What would be the operating profit if the tuition per student (that is, sales price) decreased by 8 percent? Increased by 24 percent? 3. What would be the operating profit if variable costs per student decreased by 11 percent? Increased by 15 percent? 4. Suppose that fixed costs for the year are 8 percent lower than projected, whereas variable costs per student are 5 percent higher than projected. What would be the operating profit for the year?
2. What would be the operating profit if the tuition per student (that is, sales price) decreased by 8 percent? Increased by 24 percent? 3. What would be the operating profit if variable costs per student decreased by 11 percent? Increased by 15 percent? 4. Suppose that fixed costs for the year are 8 percent lower than projected, whereas variable costs per student are 5 percent higher than projected. What would be the operating profit for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile installation, which might also increase the demand for its products. The basic installation course has the following (tentative) price and cost characteristics.
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