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Alma's Recording Studio rents studio time to musicians in 2 -hour blocks. Each session includes the use of the studio facilities, a digital recording of
Alma's Recording Studio rents studio time to musicians in 2 -hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mbxer. Anticipated annual volume is 1,000 sessions. The company has imvested $2,352,000 in the studio and expects a return on imvestment (RO1) of 20%. Budgeted costs for the coming year are as follows Determine the total cost per session. Determine the desired ROI per session. (Round answer to 2 decimal places, e.3-10.50.) ROr $ per session eTextbook and Mcdia Calcalate the markup percentage on the total cost per session. Markup percentage (4.) per uession Calculate the target price per session. (Round answer to 2 decimal places, e.8. 10.50.) Tarset price per session
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