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Question - Harprit owns a Cambridge Learning Systems Inc. tutoring Franchise. She charges $450 for a 10-hour Package per student. Her tutors cost an average $20 per hour. She supplies one workbook, which costs her $14, with each student Package. Cambridge Learning Systems charges Harprit 9% royalty on all her revenues. The rent, utilities, marketing, and supplies average $4,500 a month.
Required -
1. How many student hours does Harprit need to sell to make $3,200 profit in one month?
2. At that level of activity, what will her sales revenue be, in $?
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80% in 4 equal annual installments starting December 31, 20x2. The appropriate discount rate is 12%. How much total revenue will Krabs recognize in 20x2?
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