Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month (2) Break even in dollars eTextbook and Media 62 students 6,200 $ Assistance Used Attempts: 1 of 2 used (b) Coronado Journeys has just received notice that the rent on their facilities will be increasing by $481 per month and the instrument rent will also be increasing $19 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Coronado Journeys does not increase the number of students taught. If Coronado Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month Amount to charge per student (2) Additional number of students $ students students
Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month (2) Break even in dollars eTextbook and Media 62 students 6,200 $ Assistance Used Attempts: 1 of 2 used (b) Coronado Journeys has just received notice that the rent on their facilities will be increasing by $481 per month and the instrument rent will also be increasing $19 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Coronado Journeys does not increase the number of students taught. If Coronado Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month Amount to charge per student (2) Additional number of students $ students students
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
None
Transcribed Image Text:Determine the company's break-even point in (1) number of students taught per month and (2) dollars.
(1)
Break even in number of students taught per month
(2)
Break even in dollars
eTextbook and Media
62
students
6,200
$
Assistance Used
Attempts: 1 of 2 used
(b)
Coronado Journeys has just received notice that the rent on their facilities will be increasing by $481 per month and the
instrument rent will also be increasing $19 per month. (1) Determine the company's break-even point in the number of students
taught per month based on the new information. (2) Determine the amount to charge per student assuming that Coronado
Journeys does not increase the number of students taught. If Coronado Journeys does not want to increase their fees, how many
additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.)
(1)
Break even in number of students taught per month
Amount to charge per student
(2)
Additional number of students
$
students
students
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education