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Waterway Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $ 2 , 2 8

Waterway Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:
Rent on facilities $2,280 per month
Advertising
$437 per month
Instrument Rent
$700 per month
Teaching Instruction
Books
$41 perstudent
Other Costs
$5 per student
$3 perstudent
Waterway Journeys charges $100 per student per month.
(a)
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 students
(2)
Break even in dollars
$
eTextbook and Media
Attempts: 1 of 2 used
(b)
Waterway Journeys has just received notice that the rent on their facilities will be increasing by $439 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 Waterway Journeys does not increase the number of students taught. If Waterway 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
eTextbook and Media
Attempts: 0 of 2 used
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