Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vaughn Journeys has just received notice that the rent on their facilities will be increasing by $ 5 1 9 per month and the instrument

Vaughn Journeys has just received notice that the rent on their facilities will be increasing by $519 per month and the instrument rent will also be increasing $20 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Vaughn Journeys does not increase the number of students taught. If aughn Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g.15.25.)
(1) Break even in number of students taught per month students
(2) Amount to charge per student
$
Additional number of students students
image text in transcribed

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

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

The nature and importance of the global marketplace.

Answered: 1 week ago