Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,364 per course taught. Denton pays its instructors $298 per student enrolled in the class. Both universities charge executives a $347 tuition fee per course attended. Required a. Prepare income statements for Kenton and Denton, assuming that 18 students attend a course. b. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $227 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course. c. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $227 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course. e. Prepare income statements for Kenton and Denton Universities, assuming that 9 students attend a course, and assuming that both universities charge executives a $347 tuition fee per course attended. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required E Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $227 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course. University Kenton Tuition revenue $ 8,172 Total cost of instruction Net income (loss) $ 8,172 < Required A Required C >
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,364 per course taught. Denton pays its instructors $298 per student enrolled in the class. Both universities charge executives a $347 tuition fee per course attended. Required a. Prepare income statements for Kenton and Denton, assuming that 18 students attend a course. b. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $227 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course. c. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $227 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course. e. Prepare income statements for Kenton and Denton Universities, assuming that 9 students attend a course, and assuming that both universities charge executives a $347 tuition fee per course attended. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required E Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $227 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course. University Kenton Tuition revenue $ 8,172 Total cost of instruction Net income (loss) $ 8,172 < Required A Required C >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,364 per course
taught. Denton pays its instructors $298 per student enrolled in the class. Both universities charge executives a $347 tuition fee per
course attended.
Required
a. Prepare income statements for Kenton and Denton, assuming that 18 students attend a course.
b. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $227 per course.
Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.
c. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $227 per course.
Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course.
e. Prepare income statements for Kenton and Denton Universities, assuming that 9 students attend a course, and assuming that both
universities charge executives a $347 tuition fee per course attended.
Complete this question by entering your answers in the tabs below.
Required A Required B Required C
Required E
Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $227 per course.
Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.
University
Kenton
Tuition revenue
$
8,172
Total cost of instruction
Net income (loss)
$
8,172
< Required A
Required C >
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