Your firm is an expert on decentralizedfinance systems and designs training classes.You are required to train a four-session class.From previous experience, 85 percentlearning rate is intact for training sessions. Thefirst session will run 50 hours, billed with arate of 100TL per hour with overhead costs of600TL per session. Considering a profitmargin of 20%, calculate the 1-) total price, 2-)each session price and 3-) the breakevensession

The learning curve formula will be used in this problem. The formula is: TN = T1*(ND) where TN…

Answered: d to train a four-s experience, 85 pe…

Business

Accounting

d to train a four-s experience, 85 pe intact for training run 50 hours, bil

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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Question

Your firm is an expert on decentralized
finance systems and designs training classes.
You are required to train a four-session class.
From previous experience, 85 percent
learning rate is intact for training sessions. The
first session will run 50 hours, billed with a
rate of 100TL per hour with overhead costs of
600TL per session. Considering a profit
margin of 20%, calculate the 1-) total price, 2-)
each session price and 3-) the breakeven
session

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