#12 You run a school in Florida. Fixed monthly cost is $5,696.00 for rent and...
50.1K
Verified Solution
Link Copied!
Question
Finance
#12 You run a school in Florida. Fixed monthly cost is $5,696.00 for rent and utilities, $6,329.00 is spent in salaries and $1,050.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $690.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,199.00, salaries to $6,119.00 and insurance to $2,324.00 per month. Variable cost per student will increase up to $158.00 per month. However you can charge $1,154.00 per student. At what point will you be indifferent between your current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places. #13 A restaurant sells pizza for $12.33/slice. Expenses for the restaurant include raw material for pizza at $7.33 per slice, $178.00 as monthly rental and $56.00 as monthly insurance. How many slices should the restaurant sell in a month to break even? Don't round to whole slices. Submit Answer format: Number: Round to: 2 decimal places. #14 For a table manufacturing company, selling price for a table is $151.00 per Unit, Variable cost is $24.00 per Unit, rent is $4,072.00 per month and insurance is $215.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $328.00 per Unit, Variable cost to $56.00 per Unit, bigger area will have rent $6,773.00 per month and insurance is $393.00 per month At what point will the company be indifferent between the current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places
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!