Computing the breakeven point

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Reference no: EM1399973

Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $675 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,100. Micromedia rents computers for its seminars at a cost of $50 per computer per day.

(a)

Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar.

Model for total cost = + x

(b)	Develop a model for the total profit if x students enroll in the seminar.
	For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300)

Model for total profit = x +

(c)

Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if its forecast is accurate?

Profit = mce_markernbsp;

(d)

Compute the breakeven point.

Breakeven point = students

Reference no: EM1399973

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