(a.) Collings College has annual fixed operating costs of $20,000,000 and variable operating costs of $2,400 per student. Tuition is $12,000 per student for the coming academic year, with a projected enrollment of 2,000 students. Expected revenues from endowments and federal and state grants total $400,000. Determine the amount the college must obtain from other sources. $Answer

(b.) The Collings College Student Association is planning a fall concert. Expected costs (renting a hall, hiring a band, etc.) are $15,000. Assuming 2,000 people attend the concert, determine the break-even price per ticket. How much will the association lose if this price is charged and only 1,500 tickets are sold? (Do not use a negative sign with your answer.) $Answer

(c.) City Hospital has a contract with the city to provide indigent health care on an outpatient basis for $125 per visit. The patient will pay $10 of this amount, with the city paying the balance ($115). Determine the amount the city will pay if the hospital has 5,000 patient visits. $Answer

(d.) A civic organization is engaged in a fund-raising program. On Civic Sunday, it will sell newspapers at $2.50 each. The organization will pay $1.75 for each newspaper. Costs of the necessary permits, signs, and so forth are $750. Determine the amount the organization will raise if it sells 3,000 newspapers. $Answer

(e.) Christmas for the Needy is a civic organization that provides Christmas presents to disadvantaged children. The annual costs of this activity are $10,000, plus $20 per present. Determine the number of presents the organization can provide with $30,000. Answer

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