Question 3 and 4? The School must have at least 20 participants but no more than 50 participants to run the Academy.Proposed Program fee: $3,700/studentExpected expenses:6 Field trips transportations, $500/personRoom and Board, $200/personCatering & cooking demo, $400/personFaculty, student assistants, staff salary, $50,000Facility rental, $6,000Van rental for the Academy, $1,500Provide the detailed procedures in calculation.1. What would the revenue per student? $3,7002. What are the variable costs and fixed costs? Variable costs: Field Trip Transportation, Room andBoard, Catering and Cooking demo. Fixed cost: Facility Rental, Faculty, student assistants, staffsalary, van rental for the academy.3. How many participants should be recruited to have a break-event point? (hint: Revenue = Expenses) |4. If the School wants to have at least $55,000 for its profits, how many students should the Schoolrecruit?

3. How many participants are needed to break even?4. How many students does the school need to…

3. How many participants should be recruited to have a break-event point? (hint: Revenue Expenses) | 4. If the School wants to have at least $55,000 for its profits, how many students should the School recruit?

3. How many participants should be recruited to have a break-event point? (hint: Revenue Expenses) | 4. If the School wants to have at least $55,000 for its profits, how many students should the School recruit?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Question 3 and 4?

The School must have at least 20 participants but no more than 50 participants to run the Academy.
Proposed Program fee: $3,700/student
Expected expenses:
6 Field trips transportations, $500/person
Room and Board, $200/person
Catering & cooking demo, $400/person
Faculty, student assistants, staff salary, $50,000
Facility rental, $6,000
Van rental for the Academy, $1,500
Provide the detailed procedures in calculation.
1. What would the revenue per student? $3,700
2. What are the variable costs and fixed costs? Variable costs: Field Trip Transportation, Room and
Board, Catering and Cooking demo. Fixed cost: Facility Rental, Faculty, student assistants, staff
salary, van rental for the academy.
3. How many participants should be recruited to have a break-event point? (hint: Revenue = Expenses) |
4. If the School wants to have at least $55,000 for its profits, how many students should the School
recruit?

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