Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,831 per course taught. Denton pays its instructors $297 per student enrolled in the class. Both universities charge executives a $341 tuition fee per course attended.

Required

1. Prepare income statements for Kenton and Denton, assuming that 23 students attend a course.

2. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $221 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 37 students in its course.

3. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $221 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 37 students in its course.

5. Prepare income statements for Kenton and Denton Universities, assuming that 14 students attend a course, and assuming that both universities charge executives a $341 tuition fee per course attended.

• Required A
• Required B
• Required C
• Required E

Prepare income statements for Kenton and Denton, assuming that 23 students attend a course.

University	Kenton	Denton
Tuition revenue
Total cost of instruction
Net income (loss)	$0	$0

Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $221 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 37 students in its course.

University	Kenton
Tuition revenue
Total cost of instruction
Net income (loss)	$0

Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $221 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 37 students in its course.

University	Denton
Tuition revenue
Total cost of instruction (variable)
Net income (loss)	$0

Prepare income statements for Kenton and Denton Universities, assuming that 14 students attend a course, and assuming that both universities charge executives a $341 tuition fee per course attended.

University	Kenton	Denton
Tuition revenue
Total cost of instruction
Net income (loss)	$0	$0