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please help! Blossom's Recording Studio rents studio time to musicians in 2-hour blocks Each session includes the use of the studio facilities, a digital recording
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Blossom's Recording Studio rents studio time to musicians in 2-hour blocks Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,000 sessions. The company has invested $1,600,000 in the studio and expects a return on investment (ROI) of 17\%. Budgeted costs for the coming year are as follows. Determine the total unit cost per session. Total unit cost per session: Determine the desired ROI per session. Desired ROl persession $ Calculate the mark-up percentage on the total unit cost per session. (Roupd answer to 2 decimal placrs, e.g. 20.578 ) Mark-up percentage on the total unit cost per session Calculate the target selling price per session. Tarketselling price persession $ Step by Step Solution
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