Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Skip to question [The following information applies to the questions displayed below.] Campbell Training Services (CTS) provides instruction on the use of computer

Required information Skip to question [The following information applies to the questions displayed below.] Campbell Training Services (CTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients offices on the clients equipment. The only major expense CTS incurs is instructor salaries; it pays instructors $5,700 per course taught. CTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $460 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information. The instructor has offered to teach the course for a percentage of tuition fees. Specifically, she wants $260 per person attending the class. Assume that the tuition fee remains at $460 per student. Is the cost of instruction a fixed or a variable cost? Determine the profit, assuming that 20 students take the course. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? Determine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What is the percentage change in profitability?image text in transcribed

image text in transcribed

image text in transcribed

Complete this question by entering your answers in the tabs below. Required F Required G Required H Required I Determine the profit, assuming that 20 students take the course. Profit Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? Profit Change in profitability %

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

Accounting By The First Public Company The Pursuit Of Supremacy

Authors: Warwick Funnell , Jeffrey Robertson

1st Edition

0415716179, 1134747551, 9780415716178, 9781134747559

More Books

Students also viewed these Accounting questions