Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. nugget mike university is trying to decide whether

Nugget Mike University is trying to decide whether to allow 100 more students into the...

80.2K

Verified Solution

Question

Accounting

Nugget Mike University is trying to decide whether to allow 100 more students into the university. Tuition is $6,600 per year. The controller has determined the following schedule of costs to educate students:

Number of Students Total costs

4,000 $ 30,000,000

4,100 30,300,000

4,200 30,600,000

4,300 30,900,000

The current enrollment is 4,200 students. The president of the university has calculated the cost per student in the following manner: $30,600,000/4,200 students = $7,286 per student. The president was wondering why the university should accept more students if the tuition is only $6,600.

Required:

  1. What are the variable costs per student and the total fixed costs of operating the university?

  1. What is the number of students at which the university breaks even?

  1. Should the university accept more students with tuition at $6,600?

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

Q

A doctor administers a drug to a 33-kg ?patient, using a dosage formula of 55 ?mg/kg/day. Assume that the...

Basic Math
Q

Suppose 400 students take an exam and the distribution of their scores can be treated as...

Statistics
Q

This is the previous example the answer is there in cgegg: A confined aquifer has been...

Civil Engineering
Q

How does a corporation determine what direction they will take in the marketplace? The first three...

General Management
Q

Translate the given statement into logical expressions using predicates quantifiers and logical connectives in two...

Basic Math
Q

Incline mats, or triangle mats, are offered with different levels of incline to help gymnasts...

Basic Math
Q

1 1 4 Composition of Functions 1 Letf A B and g B C be...

Calculus
Q

Thalassines Kataskeves, SA, of Greece makes marine equipment. The company has...

Accounting
Q

in the below, documents write an executive summary Product/Services Our Haagen Dazs store will be...

Accounting
Q

**Audit Planning: Objective Type Question** **Question:** Which of the following...

Accounting
Q

Alport Limiced is a privately ormed large compony that is successfully engaged in the extraction...

Accounting
Q

Consider the three stocks in the following table. Stock price and shares outstanding information are...

Finance