You run a school in Florida. Fixed monthly cost is $5,313.00 for rent and utilities, $5,620.00 is spent in salaries and $1,059.00 in insurance. Also every student adds up to $94.00 per month in stationary, food etc. You charge $610.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,304.00, salaries to $6,192.00 and insurance to $2,301.00 per month. Variable cost per student will increase up to $154.00 per month. However you can charge $1,096.00 per student. How much do you currently charge per student? Submit. Answer format: Number: Round to: 0 decimal places.
You run a school in Florida. Fixed monthly cost is $5,313.00 for rent and utilities, $5,620.00 is spent in salaries and $1,059.00 in insurance. Also every student adds up to $94.00 per month in stationary, food etc. You charge $610.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,304.00, salaries to $6,192.00 and insurance to $2,301.00 per month. Variable cost per student will increase up to $154.00 per month. However you can charge $1,096.00 per student. How much do you currently charge per student? Submit. Answer format: Number: Round to: 0 decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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vishu
subject-Accounting
Transcribed Image Text:#10
You run a school in Florida. Fixed monthly cost is $5,313.00 for rent and utilities, $5,620.00 is spent in salaries and
$1,059.00 in insurance. Also every student adds up to $94.00 per month in stationary, food etc. You charge $610.00 per
month from every student now.
You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,304.00,
salaries to $6,192.00 and insurance to $2,301.00 per month. Variable cost per student will increase up to $154.00 per
month. However you can charge $1,096.00 per student.
How much do you currently charge per student?
Submit.
Answer format: Number: Round to: 0 decimal places.
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