Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Joyful Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,010

Current Attempt in Progress Joyful Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,010 per month Advertising $534 per month Instrument Rent $750 per month Teaching Instruction $38 per student Books $5 per student Other Costs $3 per student Joyful 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 (2) Break even in dollars eTextbook and Media Joyful Journeys has just received notice that the rent on their facilities will be increasing by $628 per month and the instrument rent will also be increasing $20 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 Joyful Journeys does not increase the number of students taught. (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month (2) Amount to charge per student eTextbook and Media

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

Step: 3

blur-text-image

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

Understanding Simple Accounting

Authors: Gustav Muhsfeldt

1st Edition

B005MAAH4W

More Books

Students also viewed these Accounting questions

Question

(1 point) Calculate 3 sin x cos x dx.

Answered: 1 week ago

Question

1. Where will you recommend that she hold the focus group?

Answered: 1 week ago

Question

3. What might you have done differently

Answered: 1 week ago