Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bonita Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Bonita Journeys charges $100 per student per month.
Bonita Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Bonita Journeys charges $100 per student per month. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month students Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month students (2) Break even in dollars $ Bonita Journeys has just received notice that the rent on their facilities will be increasing by $573 per month and the instrument rent will also be increasing $21 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Bonita Journeys does not increase the number of students taught. If Bonita Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month students (2) Amount to charge per student $ Additional number of students students Bonita Journeys has just received notice that the rent on their facilities will be increasing by $573 per month and the instrument rent will also be increasing $21 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Bonita Journeys does not increase the number of students taught. If Bonita Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month students (2) Amount to charge per student $ Additional number of students students
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started