Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You run a school in Florida. Fixed monthly cost is $5,263.00 for rent and utilities, $5,569.00 is spent in salaries and $1,135.00 in insurance. Also

You run a school in Florida. Fixed monthly cost is $5,263.00 for rent and utilities, $5,569.00 is spent in salaries and $1,135.00 in insurance. Also every student adds up to $96.00 per month in stationary, food etc. You charge $687.00 per month from every student now.

You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,802.00, salaries to $6,999.00 and insurance to $2,100.00 per month. Variable cost per student will increase up to $155.00 per month. However you can charge $1,190.00 per student.

How much do you currently charge per student?

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

Fintech In Islamic Finance Theory And Practice

Authors: Umar A. Oseni, S. Nazim Ali

1st Edition

1138494801, 978-1138494800

More Books

Students also viewed these Finance questions