Kenton and Denton Universities offer executive training courses to corporate cli
ID: 2582200 • Letter: K
Question
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,700 per course taught. Denton pays its instructors $300 per student enrolled in the class. Both universities charge executives a $343 tuition fee per course attended.
Required
Prepare income statements for Kenton and Denton, assuming that 19 students attend a course.
Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $223 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.
Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $223 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course.
Prepare income statements for Kenton and Denton Universities, assuming that 13 students attend a course, and assuming that both universities charge executives a $343 tuition fee per course attended.
Prepare income statements for Kenton and Denton, assuming that 19 students attend a course.
Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $223 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.
Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $223 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course.
Prepare income statements for Kenton and Denton Universities, assuming that 13 students attend a course, and assuming that both universities charge executives a $343 tuition fee per course attended.
Explanation / Answer
1 University Kenton Denton Tuition revenue 6517 6517 Total cost of instruction 5700 5700 Net income (loss) 817 817 2 University Kenton Tuition revenue 8028 Total cost of instruction 5700 Net income (loss) 2328 3 University Denton Tuition revenue 8028 Total cost of instruction (variable) 10800 Net income (loss) -2772 4 University Kenton Denton Tuition revenue 4459 4459 Total cost of instruction 5700 3900 Net income (loss) -1241 559
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