Star of the Sea School Has Annual Fixed Costs of $150,000

question 42

Multiple Choice

Star of the Sea School has annual fixed costs of $150,000 and variable costs of $550 per student. Star of the Sea expects 345 students for the upcoming year. If the school wishes to earn a profit of $10,000, what should tuition per student be?

• A) $957
• B) $1,014
• C) $1,233
• D) $1,346

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Definitions:

Anaerobic Respiration

A process of energy production that occurs in the absence of oxygen, converting glucose to energy in cells.

Oxygen

A chemical element with symbol O and atomic number 8, essential for respiration in most living organisms and a component of the Earth's atmosphere.

Energy Expenditure

The amount of energy, measured in calories, that a person uses to breathe, circulate blood, digest food, and be physically active.

Toxic Compound

A chemical substance known to cause harm to organisms through its chemical action when ingested, inhaled, or comes into contact with skin.