Business, 13.03.2022 04:20, Whitehouse9

(a.) Collings College has annual fixed operating costs of $13,500,000 and variable operating costs of $1,000 per student. Tuition is $8,000 per student for the coming academic year, with a projected enrollment of 1,500 students. Expected revenues from endowments and federal and state grants total $300,000. Determine the amount the college must obtain from other sources. $Answer (b.) The Collings College Student Association is planning a fall concert. Expected costs (renting a hall, hiring a band, etc.) are $27,000. Assuming 3,000 people attend the concert, determine the break-even price per ticket. How much will the association lose if this price is charged and only 2,700 tickets are sold

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(a.) Collings College has annual fixed operating costs of $13,500,000 and variable operating costs o...