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Vaughn Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,390 per month Advertising $220

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Vaughn Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,390 per month Advertising $220 per month Instrument Rent $690 per month Teaching Instruction $42 per student Books $5 per student Other Costs $3 per student Vaughn Journeys charges $100 per student per month Your answer is correct. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month 66 students (2) Break even in dollars 6600 (b) Vaughn Journeys has just received notice that the rent on their facilities will be increasing by $480 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 Vaughn 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, eg, 15.25.) (1) Break even in number of students taught per month students (2) Amount to charge per student Additional number of students students

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