Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities Advertising Instrument Rent Teaching Instruction Books Other Costs Bramble 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) (2) $1.990 per month $1,042 per month $720 per month $36 per student $5 per student $3 per student (b) Show Transcribed Text Break even in number of students taught per month (1) Break even in dollars x Your answer is incorrect. (2) Break even in number of students taught per month Amount to charge per student Additional number of students Bramble Journeys has just received notice that the rent on their facilities will be increasing by $428 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 Bramble Journeys does not increase the number of students taught. If Bramble 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.) e Textbook and Media Save for Later 3 $ C $ 67 6700 students 67 students students Attempts: 2 of 5 used Submit Answer
Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities Advertising Instrument Rent Teaching Instruction Books Other Costs Bramble 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) (2) $1.990 per month $1,042 per month $720 per month $36 per student $5 per student $3 per student (b) Show Transcribed Text Break even in number of students taught per month (1) Break even in dollars x Your answer is incorrect. (2) Break even in number of students taught per month Amount to charge per student Additional number of students Bramble Journeys has just received notice that the rent on their facilities will be increasing by $428 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 Bramble Journeys does not increase the number of students taught. If Bramble 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.) e Textbook and Media Save for Later 3 $ C $ 67 6700 students 67 students students Attempts: 2 of 5 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:
Rent on facilities
Advertising
Instrument Rent
Teaching Instruction
Books
Other Costs
(a)
Bramble Journeys charges $100 per student per month.
(1)
✓ Your answer is correct.
Determine the company's break-even point in (1) number of students taught per month and (2) dollars.
(2)
(b)
$1.990 per month
$1,042 per month
$720 per month
$36 per student
Show Transcribed Text
$5
per student
$3 per student
(1)
Break even in number of students taught per month
(2)
Break even in dollars
* Your answer is incorrect.
Break even in number of students taught per month
Amount to charge per student
Bramble Journeys has just received notice that the rent on their facilities will be increasing by $428 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 Bramble Journeys does not
increase the number of students taught. If Bramble 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.)
Additional number of students
eTextbook and Media
Save for Later
$
Ć
$
67
6700
students
67
students
students
Attempts: 2 of 5 used Submit Answer
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