Finance You run a school in Florida. Fixed monthly cost is $5,866.00 for rent and utilities, $5,706.00 is spent in salaries and$1,536.00 in insurance. Also every student adds up to $104.00 per month in stationary, food etc. You charge $697.00per month from every student now.You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,365.00,salaries to $6,741.00 and insurance to $2,059.00 per month. Variable cost per student will increase up to $164.00 permonth. However you can charge $1,120.00 per student.You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the newcharge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points.ISubmitAnswer format: Number: Round to: 3 decimal places.

% change in a variable compared to reference value is calculated as shown below.

Answered: You run a school in Florida. Fixed…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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