!Required information[The following information applies to the questions displayed below.]Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporateclients. It offers courses in the clients' offices on the clients' equipment. The only major expense FTS incurs is instructorsalaries; it pays instructors $6,000 per course taught. FTS recently agreed to offer a course of instruction to theemployees of Novak Incorporated at a price of $700 per student. Novak estimated that 20 students would attend thecourse.Base your answers on the preceding information.Requireda. Relative to the number of students in a single course, is the cost of instruction a fixed or a variable cost?b. Determine the profit, assuming that 20 students attend the course.c. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is thepercentage change in profitability?d. Determine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What is thepercentage change in profitability?Complete this question by entering your answers in the tabs below.Required A Required B Required CDetermine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What isthe percentage change in profitability? (Round your percentage answer to 1 decimal place. Negative amount should beindicated with a minus sign.)ProfitChange in profitability%Required D

Under cost accounting, several type of costs are being calculated and analysed. Fixed costs are…

! Required information [The following information applies to the questions displayed below.] Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients' equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $6,000 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $700 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information. Required . Relative to the number of students in a single course, is the cost of instruction a fixed or a variable cost? ». Determine the profit, assuming that 20 students attend the course. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? 1. Determine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What is the percentage change in profitability? Complete this question by entering your answers in the tabs below.

! Required information [The following information applies to the questions displayed below.] Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients' equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $6,000 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $700 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information. Required . Relative to the number of students in a single course, is the cost of instruction a fixed or a variable cost? ». Determine the profit, assuming that 20 students attend the course. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? 1. Determine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What is the percentage change in profitability? Complete this question by entering your answers in the tabs below.

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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