You run a school in Florida. Fixed monthly cost is $5,014.00 for rent and utilities, $5,602.00 is spent in salaries and $1,240.00 in insurance. Also every student adds up to $99.00 per month in stationary, pood etc. You charge $665.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,240.00, salaries to $6,313.00 and insurance to $2,395.00 per month. Variable cost per student will increase up to $170.00 per month. However you can charge $1,137.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the new charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. Submit Answer format: Number: Round to: 3 decimal places.

Q: Definiton of accounting

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing, and…

Q: Define T- account.

A: Transaction:   It is an economic event that is recorded in the accounting system of an organisation.…

Q: Basic purpose of accounting

A: There are two basic purpose of Accounting they are 1. Ascertaining Financial results (Profit ans…

Q: What is meant by the phrase management by exception?

A:

Q: Explain principal (agency relationships)

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal approves agent to…

Q: What is meant by cardinality in entity relationship diagrams?

A: An entity relationship diagram is a representation of all the resources that are associated with the…

Q: Define Intrinsic value.

A:

Q: Define statement of operations.

A: Financial statements of an organization includes income statement, balance sheet and cash flow…

Q: What are the objectives of application controls?

A: An application control consists of compactness and validity checks, identification, authentication,…

Q: Accounting

A: Solution: - Definition:- Accounting may be defined as the process of recording, classifying,…

Q: Explain accounting domain with example

A: Accounting domain is the wide range of accounting including its all branches like financial…

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: termediate goods in manage

A: In the context of management accounting, intermediate goods are products that are not quite finished…

Q: This focuses on what happens. a. Technical analysis b. Fundamental analysis c. Both fundamental and…

A: Technical analysis focus on the movement of the stock price and use that data to predict the future…

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: Define the term operating activities.

A: Operating activities are the functions of a business directly related to providing its goods and/or…

Q: prepare manufacturing acc

A: The requirement is to prepare the manufacturing account for James ltd. The manufacturing account…

Q: explain about functional and non functional requirements

A: The question is asking to explain the concepts of functional and non-functional requirements, which…

Q: What is an object, and what are its characteristics in the object-oriented approach? Give two…

A:

Q: describe the roles of fi nancial reporting and fi nancial statement analysis;

A: Financial reporting means representing records maintained by an organization in the form of…

Q: what is Reference control ?

A: I assumed as a question, as what is meant by the reference  to cost control?