Question
Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $1,980 per month Advertising $945
Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:
Rent on facilities | $1,980 | per month | |
Advertising | $945 | per month | |
Instrument Rent | $760 | per month | |
Teaching Instruction | $37 | per student | |
Books | $5 | per student | |
Other Costs | $3 | per student |
Bramble Journeys charges $100 per student per month.
(a)
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Determine the companys break-even point in (1) number of students taught per month and (2) dollars.
(1) | Break even in number of students taught per month | enter a number of students | students | ||
---|---|---|---|---|---|
(2) | Break even in dollars | $enter a dollar amount |
Bramble Journeys has just received notice that the rent on their facilities will be increasing by $474 per month and the instrument rent will also be increasing $21 per month. (1) Determine the companys 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 Bramble Journeys does not increase the number of students taught. If Bramble 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 | enter a number of students | students | ||
---|---|---|---|---|---|
(2) | Amount to charge per student | $enter a dollar amount rounded to 2 decimal places | |||
Additional number of students | enter a doll | students |
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