FINC 301; Introduction to Busine X + - File | C:/Users/Mrs.%20Boateng/Downloads/Documents/FINC%20301%3B%20Introduction%20to%20Business%20Finance.pdf o? @ ... 4 of 15 + D LAND 2. Your Uncle is in the process of setting up a University. Having heard of your business administration training, he approaches you, his pro-bono consultant, for some pointers on how to ensure profitability of his project. You help him with cost capturing and arrive at a total fixed cost of 1,708,000 cedis, being cost of building, fixtures, etc. Variable cost is captured in such a way as to provide contribution margin of 30%. Having accomplished that, you conduct a brief Examiners: Dr. Fiador ; Dr. Mensah; Prof. Adom-Frimpong Page 3 of 15 68 INDEX NUMBER.. market survey and conclude that the average annual tuition per university student is 5,000 cedis per annum. Based on the information, your Uncle wants you to help him answer the following questions: (round up your answers to the nearest whole) a. Given his costs, what is the minimum student number that must enrol at the university for him to breakeven?.. FINC 301; Introduction to Busine X + - 0 File | C:/Users/Mrs.%20Boateng/Downloads/Documents/FINC%20301%3B%20Introduction%20to%20Business%20Finance.pdf o? ... 4 of 15 + (DIAN | | 68 INDEX NUMBER.. market survey and conclude that the average annual tuition per university student is 5,000 cedis per annum. Based on the information, your Uncle wants you to help him answer the following questions: (round up your answers to the nearest whole) a. Given his costs, what is the minimum student number that must enrol at the university for him to breakeven?.. b. If he wants to make an estimated annual profit of 280,000 cedis, how many students must he target and get the marketing team to bring in? c. Upon second thoughts, your Uncle thinks you can tinker with the fixed cost so he breaks even at a student population that is 20% below the breakeven quantity for (a). What is the maximum fixed cost, all other values staying same will bring this about?... d. If fixed cost go up by 20%, instead of coming down, what is the maximum tuition fee that can be charged if student enrolment cannot be increased beyond the breakeven value in (a)? FINC 301; Introduction to Busine X + - File | C:/Users/Mrs.%20Boateng/Downloads/Documents/FINC%20301%3B%20Introduction%20to%20Business%20Finance.pdf o? @ ... 4 of 15 + D LAND 2. Your Uncle is in the process of setting up a University. Having heard of your business administration training, he approaches you, his pro-bono consultant, for some pointers on how to ensure profitability of his project. You help him with cost capturing and arrive at a total fixed cost of 1,708,000 cedis, being cost of building, fixtures, etc. Variable cost is captured in such a way as to provide contribution margin of 30%. Having accomplished that, you conduct a brief Examiners: Dr. Fiador ; Dr. Mensah; Prof. Adom-Frimpong Page 3 of 15 68 INDEX NUMBER.. market survey and conclude that the average annual tuition per university student is 5,000 cedis per annum. Based on the information, your Uncle wants you to help him answer the following questions: (round up your answers to the nearest whole) a. Given his costs, what is the minimum student number that must enrol at the university for him to breakeven?.. FINC 301; Introduction to Busine X + - 0 File | C:/Users/Mrs.%20Boateng/Downloads/Documents/FINC%20301%3B%20Introduction%20to%20Business%20Finance.pdf o? ... 4 of 15 + (DIAN | | 68 INDEX NUMBER.. market survey and conclude that the average annual tuition per university student is 5,000 cedis per annum. Based on the information, your Uncle wants you to help him answer the following questions: (round up your answers to the nearest whole) a. Given his costs, what is the minimum student number that must enrol at the university for him to breakeven?.. b. If he wants to make an estimated annual profit of 280,000 cedis, how many students must he target and get the marketing team to bring in? c. Upon second thoughts, your Uncle thinks you can tinker with the fixed cost so he breaks even at a student population that is 20% below the breakeven quantity for (a). What is the maximum fixed cost, all other values staying same will bring this about?... d. If fixed cost go up by 20%, instead of coming down, what is the maximum tuition fee that can be charged if student enrolment cannot be increased beyond the breakeven value in (a)