Georgie provides a service where she teaches yoga to people through Zoom. She works from a small rented studio, for which she pays £200 per month. She also pays a further £50 per month to advertise on a health and fitness website. She has no other costs to pay. Georgie charges £30 per hour for lessons and teaches for 60 hours each month. Calculate Georgie’s monthly fixed cost Calculate Georgie’s monthly revenue Calculate Georgie’s monthly profit State and explain one way in which Georgie might be able to increase her monthly profit State and explain one potential problem or weakness with this method
Georgie provides a service where she teaches yoga to people through Zoom. She works from a small rented studio, for which she pays £200 per month. She also pays a further £50 per month to advertise on a health and fitness website. She has no other costs to pay. Georgie charges £30 per hour for lessons and teaches for 60 hours each month. Calculate Georgie’s monthly fixed cost Calculate Georgie’s monthly revenue Calculate Georgie’s monthly profit State and explain one way in which Georgie might be able to increase her monthly profit State and explain one potential problem or weakness with this method
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
Related questions
Question
Georgie provides a service where she teaches yoga to people through Zoom. She works from a small rented studio, for which she pays £200 per month. She also pays a further £50 per month to advertise on a health and fitness website. She has no other costs to pay. Georgie charges £30 per hour for lessons and teaches for 60 hours each month.
- Calculate Georgie’s monthly fixed cost
- Calculate Georgie’s monthly revenue
- Calculate Georgie’s monthly profit
- State and explain one way in which Georgie might be able to increase her monthly profit
- State and explain one potential problem or weakness with this method
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 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education