ETutor Is an Online Tutoring Service Provider That Is Particularly

question 139

Essay

ETutor is an online tutoring service provider that is particularly popular with college students. The company is interested in estimating the fixed and variable components of its tutoring services costs. The manager believes that these costs are driven by the number of hours of tutoring services provided. The following information was gathered for the last six months of business:
Required:
$$\begin{array} { | l | r | r | } \hline \text { Month } & \text { Number of Hours } & \text { Tutoring costs } \\\hline \text { January } & 25,000 & \$ 308,000 \\\hline \text { February } & 41,000 & 420,000 \\\hline \text { March } & 29,000 & 352,000 \\\hline \text { April } & 31,000 & 373,000 \\\hline \text { May } & 34,000 & 378,000 \\\hline \text { June } & 18,000 & 252,000 \\\hline\end{array}$$ 1) Compute the average tutoring cost per hour for the six-month period. (Round the average tutoring cost per hour to two decimal points.)2) Use the high-low method to estimate the total fixed cost and the variable cost per hour. (Round the variable cost per hour to two decimal points.)3) Name one advantage and one disadvantage of the high-low method.4) Describe the scattergraph method that can be used to analyze mixed costs.

Recognizing the impact of cognitive appraisal in emotional responses.

Insight into how physiological arousal can influence emotions and vice versa (spillover effect).

Awareness of the potential for emotions to occur without conscious cognitive appraisal.

Distinguishing between different physiological responses associated with various emotions.

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Definitions:

Exclusively

Solely, without including others; limited to a particular individual or group.

Professional Entertainer

An individual skilled in performing arts, such as acting, singing, or dancing, who earns their living through their artistic talents.

Onerous Exemption Clause

A term in a contract that imposes heavy obligations on one party, which may be difficult to fulfill.

Aggrieved Purchaser

A buyer who has suffered because of a breach of contract or misrepresentation during a purchase.