Waterway Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:

Rent on facilities		$2,120	per month
Advertising		$240	per month
Instrument Rent		$700	per month
Teaching Instruction		$41	per student
Books		$5	per student
Other Costs		$3	per student

Waterway Journeys charges $100 per student per month.

Please help with finding the amount to charge per student! Thank you!

a) Your answer is correct. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) 60 Break even in number of students taught per month students 6000 Break even in dollars (2) e Textbook and Media Waterway Journeys has just received notice that the rent on their facilities will be increasing by $542 per month and the instrument rent will also be increasing $19 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 71 students (2) Amount to charge per student $ Additional number of students 11 students