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Business
Accounting
Operating profit

Operating profit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Conrad Coding Institute (CCI) offers online courses in coding. One of CCI's most popular courses is the introductory course that teaches basic coding skills. CCI prices this course aggressively, because of the potential for creating demand for the more advanced (and more profitable) courses. The Introductory coding course has the following price and cost characteristics: Tuition Variable costs (instruction, support, and so on) Fixed costs (advertising, salaries, and so on) Required: 4. Suppose that fixed costs for the year are 15 percent lower than projected, whereas variable costs per swuent are 15 percent higher than projected. What would be the operating profit/loss for the Introductory coding course for the year? Complete this question by entering your answers in the tabs below. Req A Req B Operating profit Req C1 Req C2 $ 65 per student 40 per student 180,000 per year Req C3 < Req C3 Assume that the projected enrollment for the year is 7,500 students for the following (considered independently): C4. Suppose that fixed costs for the year are 15 percent lower than projected, whereas variable costs per student are 15 percent higher than projected. What would be the operating profit/loss for the introductory coding course for the year? Reg C4 Req C4 > Show less
Transcribed Image Text:Conrad Coding Institute (CCI) offers online courses in coding. One of CCI's most popular courses is the introductory course that teaches basic coding skills. CCI prices this course aggressively, because of the potential for creating demand for the more advanced (and more profitable) courses. The Introductory coding course has the following price and cost characteristics: Tuition Variable costs (instruction, support, and so on) Fixed costs (advertising, salaries, and so on) Required: 4. Suppose that fixed costs for the year are 15 percent lower than projected, whereas variable costs per swuent are 15 percent higher than projected. What would be the operating profit/loss for the Introductory coding course for the year? Complete this question by entering your answers in the tabs below. Req A Req B Operating profit Req C1 Req C2 $ 65 per student 40 per student 180,000 per year Req C3 < Req C3 Assume that the projected enrollment for the year is 7,500 students for the following (considered independently): C4. Suppose that fixed costs for the year are 15 percent lower than projected, whereas variable costs per student are 15 percent higher than projected. What would be the operating profit/loss for the introductory coding course for the year? Reg C4 Req C4 > Show less
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