Question 1 Not complete Marked out of 10.00 Flag question Not-for-Profit Applications Determine the solutions to each of the following independent cases: (a.) Collings College has annual fixed operating costs of $12,200,000 and variable operating costs of $1,000 per student. Tuition is $8,000 per student for the coming academic year, with a projected enrollment of 1,500 students. Expected revenues from endowments and federal and state grants total $100,000. Determine the amount the college must obtain from other sources. $ 0 (b.) The Collings College Student Association is planning a fall concert. Expected costs (renting a hall, hiring a band, etc.) are $24,000. Assuming 3,000 people attend the concert, determine the break-even price per ticket. How much will the association lose if this price is charged and only 2,700 tickets are sold? (Do not use a negative sign with your answer.) $ 0