Business, 12.08.2020 05:01 CameronVand21

Effects of fixed and variable cost behavior on the risk and rewards of business opportunities LO 11-2 Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,000 per course taught. Denton pays its instructors $250 per student enrolled in the class. Both universities charge executives a $450 tuition fee per course attended.

Required

Prepare income statements for Kenton and Denton, assuming that 20 students attend a course.

Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $240 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 40 students in its course.

Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $240 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 40 students in its course.

Prepare income statements for Kenton and Denton Universities, assuming that 10 students attend a course, and assuming that both universities charge executives a $450 tuition fee per course attended.

Answers: 3

Show answers

Answers

Answer from: PlzHelpMeOutKam2693

Answer and Explanation:

The Preparation of income statement of each point is shown below:-

A. Kenton and Denton Universities

Income Statement

Particulars Kenton Denton

Revenue (20 × $450) $9,000 $9,000

Less: Instruction fees

Per course fees $5,000

Per student fee (20 × $250) $5,000

Net income $4,000 $4,000

B. Kenton Universities

Income Statement

Particulars Kenton

Revenue (40 × $240) $9,600

Less: Instruction fees

Per course fees $5,000

Net income $4,600

C. Denton Universities

Income Statement

Particulars Denton

Revenue (40 × $240) $9,600

Less: Instruction fees

Per student fee (40 × $250) $10,000

Net income -$400

D. Kenton and Denton Universities

Income Statement

Particulars Kenton Denton

Revenue (10 × $450) $4,500 $4,500

Less: Instruction fees

Per course fees $5,000

Per student fee (10 × $250) $2,500

Net income -$500 $2,000

We simply deduct all the expenses from the revenue to arrive at net income and a net loss

Answer from: Quest

In edgenuity it's streets and roads.

Answer from: Quest

Ithink it is a i’m not for sure

Another question on Business

Business, 21.06.2019 21:30

Match the various steps in the creative process undertaken by the ad agency for developing the campaign for wpu, to the steps in young's model of the creative process.creative process in developing wpu's campaignyoung's modelafter intensive analysis of the data and several rounds of brainstorming, the agency executives decided to take a break from this project (the wpu campaign), and instead work on a different client's project before tackling the wpu project again.using a combination of animatics and storyboards, the ad agency conducted research with a representative sample of sixty target consumers to pretest the campaign theme and the creative execution.during a brainstorming session in the creative department, a copywriter's suggestion for a slogan for wpu was recognized as an excellent central idea that could drive the campaign for wpu.the account planning, account management and creative departments at the ad agency had a series of meetings and brainstorming sessions to discuss the creative brief and the results of all the primary and secondary research done with the target consumers.the account planning and the account management groups at the ad agency conducted primary research with a representative sample of the target segment and also studied secondary research data to gain insights required for the campaign development process.

Answers: 2

Answer

Business, 22.06.2019 03:00

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Answers: 1

Answer

Business, 22.06.2019 12:10

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

Answers: 1

Answer

Business, 22.06.2019 21:20

Afamily wishes to save for future college expenses. which financial tool should the family invest in?

Answers: 1

Answer

You know the right answer?

Effects of fixed and variable cost behavior on the risk and rewards of business opportunities LO 11-...

Questions