Question: i need the answer for questions 1, 2, 3 and 4 The School of HRTM will host the 6 th International Hospitality & Tourism Academy,

The School of HRTM will host the 6 th International Hospitality \& Tourism Academy, inviting students who are interested in U.S. hospitality management from Korea, China, Mexico or other international countries. It will be a 3 -week program and students can learn various subjects including hospitality/tourism trends, southern cuisine, service etiquettes, management case, wine tasting, career development, and resume writing, and take various field trips to hotels, convention center, and tourism destinations. The School must have at least 20 participants but no more than 50 participants to run the Academy. Proposed Program fee: $3,700/ student Expected expenses: - 6 Field trips transportations, \$500/person - Room and Board, \$200/person - Catering \& cooking demo, $400/ person - Faculty, student assistants, staff salary, $50,000 - Facility rental, $6,000 - Van rental for the Academy, $1,500 Provide the detailed procedures in calculation. 1. What would the revenue per student? 2. What are the variable costs and fixed costs? 3. How many participants should be recruited to have a break-event point? (hint: Revenue = Expenses) 4. If the School wants to have at least $55,000 for its profits, how many students should the School recruit
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