Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
I need d) please

Transcribed Image Text:13. Micromedia offers computer training seminars on a variety of topics. In the seminars each
student works at a personal computer, practicing the particular activity that the instructor
is presenting. Micromedia is currently planning a two-day seminar on the use of Micro-
soft Excel in statistical analysis. The projected fee for the seminar is $600 per student.
The cost for the conference room, instructor compensation, lab assistants, and promotion
is $9600. Micromedia rents computers for its seminars at a cost of $120 per computer
per day.
a. Develop a model for the total cost to put on the seminar. Let x represent the number of
students who enroll in the seminar.
b. Develop a model for the total profit if x students enroll in the seminar.
c. Micromedia has forecasted an enrollment of 30 students for the seminar. How much
profit will be earned if their forecast is accurate?
d. Compute the breakeven point.
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