Question
I want you to do this by evaluating the financial performance (profit and loss) of Monday Mind's current online courses over a 6-month period and
I want you to do this by evaluating the financial performance (profit and loss) of Monday Mind's current online courses over a 6-month period and determine if this new service (online Yin Yoga teacher training courses) is financially viable and profitable. The break-even point for the online course and then predict the potential revenue and break-even point for the new teacher training course offered next (month 7).\ \ For the purpose of this assignment, let's assume there are 4 students attending a Yin Yoga teacher training course offered by Monday Mind's new service in month 7. Also assume that yoga teacher training will not sell until awareness is built in month 7.\ \ Please follow these steps:\ \ Step 1: Download Monday Mind's services and operating costs in the Resources section of this assignment.\ Step 2: Download the income statement template.\ Step 3: Fill out the income statement template using Monday Minds services and operating costs.\ Calculate gross profit: Revenue - COG = Gross Profit.\ Calculate net profit: gross profit - total expenses = net profit.\ Step 4: Determine the break-even point for Monday Minds online courses and describe how many students Camille would need in each online course to break even.\ Step 5: Use teacher training costs - and assume 4 students purchase Monday Mind's new service offering, Yin Yoga Teacher Training Courses - to generate a forecast for month 7.\ Step 6: Determine the break-even point for Monday Minds New Yin Yoga teacher training courses and indicate how many students per course Kamille would need to break even.
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