Coronado Journeys Music School provides private music lessons for elementary students. Its operating costs are...

70.2K

Verified Solution

Question

Accounting

image
image
Coronado Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Coronado Journeys charges $100 per student per month. 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 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 Coronado Journeys has just received notice that the rent on their facilities will be increasing by $531 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 Coronado Journeys does not increase the number of students taught. If Coronado Journeys does not want to increase their fees, how many additional students will they need to attract? (Round omount 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students