The College of Business at Tech is planning to begin an online MBA program. The initial start-up cost for computing equipment, facilities, coursedevelopment, and staff recruitment and development is $350,000. The college plans to charge tuition of $18,000 per student per year. However,the university administration will charge the college $12,000 per student for the first 100 students enrolled each year for administrative costs and itsshare of the tuition payments. How many students does the college need to enroll in the first year to break even?
The College of Business at Tech is planning to begin an online MBA program. The initial start-up cost for computing equipment, facilities, coursedevelopment, and staff recruitment and development is $350,000. The college plans to charge tuition of $18,000 per student per year. However,the university administration will charge the college $12,000 per student for the first 100 students enrolled each year for administrative costs and itsshare of the tuition payments. How many students does the college need to enroll in the first year to break even?
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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The College of Business at Tech is planning to begin an online MBA program. The initial start-up cost for computing equipment, facilities, course
development, and staff recruitment and development is $350,000. The college plans to charge tuition of $18,000 per student per year. However,
the university administration will charge the college $12,000 per student for the first 100 students enrolled each year for administrative costs and its
share of the tuition payments. How many students does the college need to enroll in the first year to break even?
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