Waterway Journeys Music School provides private music lessons for elementary students. Its operating costs are as...

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Waterway Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,280 per month Advertising $437 per month Instrument Rent $700 per month Teaching Instruction $41 per student Books $5 per student Other Costs $3 per student Waterway Journeys charges $100 per student per month. (a) (b) Your answer is correct. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month Break even in dollars (2) eTextbook and Media 67 students 6,700.00 Attempts: 1 of 2 used Waterway Journeys has just received notice that the rent on their facilities will be increasing by $439 per month and the instrument rent will also be increasing $20 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Waterway Journeys does not increase the number of students taught. If Waterway Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month (2) Amount to charge per student Additional number of students eTextbook and Media Save for Later students students Attempts: 0 of 2 used Submit Answer Waterway Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,280 per month Advertising $437 per month Instrument Rent $700 per month Teaching Instruction $41 per student Books $5 per student Other Costs $3 per student Waterway Journeys charges $100 per student per month. (a) (b) Your answer is correct. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month Break even in dollars (2) eTextbook and Media 67 students 6,700.00 Attempts: 1 of 2 used Waterway Journeys has just received notice that the rent on their facilities will be increasing by $439 per month and the instrument rent will also be increasing $20 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Waterway Journeys does not increase the number of students taught. If Waterway Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month (2) Amount to charge per student Additional number of students eTextbook and Media Save for Later students students Attempts: 0 of 2 used Submit Answer