Joyful Journeys has just received notice that the rent on their facilities will be increasing by $628 per month and the instrument rent will also be increasing $20 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 Joyful Journeys does not increase the number of students taught. (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month (2) Amount to charge per student eTextbook and Media $
Joyful Journeys has just received notice that the rent on their facilities will be increasing by $628 per month and the instrument rent will also be increasing $20 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 Joyful Journeys does not increase the number of students taught. (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month (2) Amount to charge per student eTextbook and Media $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![Joyful Journeys has just received notice that the rent on their facilities
will be increasing by $628 per month and the instrument rent will also be
increasing $20 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 Joyful Journeys does not increase the number of students taught.
(Round amount to charge per student to 2 decimal places, e.g.
15.25.)
(1) Break even in number of students taught per month
(2) Amount to charge per student
eTextbook and Media](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2F9cceb1cf-0a16-4073-8292-acfadda35a39%2Fepwmsrb_processed.png&w=3840&q=75)
Transcribed Image Text:Joyful Journeys has just received notice that the rent on their facilities
will be increasing by $628 per month and the instrument rent will also be
increasing $20 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 Joyful Journeys does not increase the number of students taught.
(Round amount to charge per student to 2 decimal places, e.g.
15.25.)
(1) Break even in number of students taught per month
(2) Amount to charge per student
eTextbook and Media
![Current Attempt in Progress
Joyful Journeys Music School provides private music lessons for elementary
students. Its operating costs are as follows:
Rent on facilities
Advertising
Instrument Rent
Teaching Instruction
Books
Other Costs
$2,010 per month
$534 per month
$750 per month
$38 per student
$5 per student
$3 per student
Joyful Journeys charges $100 per student per month.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2F9cceb1cf-0a16-4073-8292-acfadda35a39%2F6vk30m4_processed.png&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
Joyful Journeys Music School provides private music lessons for elementary
students. Its operating costs are as follows:
Rent on facilities
Advertising
Instrument Rent
Teaching Instruction
Books
Other Costs
$2,010 per month
$534 per month
$750 per month
$38 per student
$5 per student
$3 per student
Joyful Journeys charges $100 per student per month.
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