You run a school in Florida. Fixed monthly cost is $5,866.00 for rent and utilities, $5,706.00 is spent in salaries am $1,536.00 in insurance. Also every student adds up to $104.00 per month in stationary, food etc. You charge $6 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,5 salaries to $6,741.00 and insurance to $2,059.00 per month. Variable cost per student will increase up to $164.0 month. However you can charge $1,120.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. I Submit
You run a school in Florida. Fixed monthly cost is $5,866.00 for rent and utilities, $5,706.00 is spent in salaries am $1,536.00 in insurance. Also every student adds up to $104.00 per month in stationary, food etc. You charge $6 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,5 salaries to $6,741.00 and insurance to $2,059.00 per month. Variable cost per student will increase up to $164.0 month. However you can charge $1,120.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. I Submit
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Finance
Transcribed Image Text:You run a school in Florida. Fixed monthly cost is $5,866.00 for rent and utilities, $5,706.00 is spent in salaries and
$1,536.00 in insurance. Also every student adds up to $104.00 per month in stationary, food etc. You charge $697.00
per month from every student now.
You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,365.00,
salaries to $6,741.00 and insurance to $2,059.00 per month. Variable cost per student will increase up to $164.00 per
month. However you can charge $1,120.00 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.
I
Submit
Answer format: Number: Round to: 3 decimal places.
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