Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP solve for all boxes. Problem 1-13 (Algorithmic) Micromedia offers computer training seminars on a variety of topics. In the seminars each student works

image text in transcribed

PLEASE HELP solve for all boxes.

Problem 1-13 (Algorithmic) Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $675 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9300. Micromedia rents computers for its seminars at a cost of $50 per computer per day. a. Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar. Model for total cost = 9600 + 120 X b. Develop a model for the total profit if x students enroll in the seminar. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Model for total profit = X + c. Micromedia has forecasted an enrollment of 20 students for the seminar. How much profit will be earned if its forecast is accurate? Profit = 5 d. Compute the breakeven point. If needed, round your answer to the nearest integer. Breakeven point = students

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_2

Step: 3

blur-text-image_3

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

Cases In Healthcare Finance

Authors: George H. Pink, Paula H. Song

7th Edition

1640553177, 978-1640553170

More Books

Students also viewed these Finance questions

Question

2. What distinguishes a small group from a large one?

Answered: 1 week ago