Chase Business College Offers the Following Computer Continuing Education Courses

question 94

Essay

Chase Business College offers the following computer continuing education courses:
$\begin{array}{lccccc}&\text { Course A }& \text { Course B } &\text { Course C }\\\text { Total student fees } & \$ 90 & \$ 150& \$120 \\\text { Variable costs } & \$ 40 & \$ 60 & \$ 50 \\\text { Course length } & 2 \text { hours } & 5 \text { hours } & 4 \text { hours }\end{array}$ Required:
1)Assuming the college has limited computer lab time available,which course should it first select to offer?
2)How many sections of each course should be offered if the college has paid for 100 hours of computer lab time in a nearby convention center and if the demand for each course is as follows: A,20 sections; B,15 sections; and C,10 sections.
3)Compute the profit from the three courses assuming the college paid $1,000 for the 100 hours of computer lab time and it offers the sections you recommended in Requirement 2.

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Definitions:

Common Shares

represent units of ownership interest or equity in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Regulatory Restrictions

Rules or limitations set by a regulatory authority that guide or constrain actions within a specific area or industry.

Transfer of Consideration

The process by which payment is made, or value is exchanged, between parties in a transaction, often related to the acquisition of assets or services.

Cost Method

An accounting method used for investments, where the investment is recorded at its acquisition cost, without recognizing the investor's share of the investee's profit or loss until dividends are received.