Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

# 4 6 You run a school in Florida. Fixed monthly cost is $ 5 , 7 0 1 . 0 0 for rent and

#46
You run a school in Florida. Fixed monthly cost is $5,701.00 for rent and utilities, $6,287.00 is spent in salaries and $1,030.00 in insurance. Also every student adds up to $104.00 per month in stationary, food etc. You charge $666.00 per month from every student now.
You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,229.00, salaries to $6,523.00 and insurance to $2,397.00 per month. Variable cost per student will increase up to $185.00 per month. However you can charge $1,089.00 per student.
How much do you currently charge per student?
Answer format: Number. Round to: 0 decimal places.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Focus On Interpretation And Analysis

Authors: Richard F Kochanek, A Douglas Hillman

7th Edition

1111061750, 9781111061753

More Books

Students also viewed these Finance questions