Question

Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,666 per course taught. Denton pays its instructors $303 per student enrolled in the class. Both universities charge executives a $346 tuition fee per course attended. Required a. Prepare income statements for Kenton and Denton, assuming that 22 students attend a course. b. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $226 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 37 students in its course. c. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $226 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 37 students in its course. e. Prepare income statements for Kenton and Denton Universities, assuming that 14 students attend a course, and assuming that both universities charge executives a $346 tuition fee per course attended. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required E Prepare income statements for Kenton and Denton, assuming that 22 students attend a course. University Kenton Denton Tuition revenue Total cost of instruction Net income (loss) ſ

Answer 1

Answer
Requirement A:
University	Kenton	Denton
Tuition revenue [22 students x $346]	$       7,612	$     7,612
Total cost of instruction	-$       6,666
[22 students x 303]		-$     6,666
Net income (loss)	$          946	$        946

Requirement B:
University	Kenton
Tuition revenue [37 students x $226]	$       8,362
Total cost of instruction	-$       6,666
Net income(Loss)	$       1,696
Requirement C:
University	Denton
Tuition revenue [37 students x $226]	$       8,362
Total cost of instruction [37 students x 303]	-$     11,211
Net income(Loss)	-$       2,849

Requirement E:
University	Kenton	Denton
Tuition revenue [14 students x $346]	$       4,844	$     4,844
Total cost of instruction	-$       6,666
[15 students x 303]		-$     4,545
Net income (loss)	-$       1,822	$        299

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