Administrators at a university are planning to offer a summer seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment

Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even?
What will be an ideal response?


Answer: $175

Business

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A company purchased equipment valued at $294,000. It traded in old equipment for a $235,000 trade-in allowance and the company paid $59,000 cash with the trade-in. The old equipment cost $280,000 and had accumulated depreciation of $56,000. This transaction has commercial substance. What is the recorded value of the new equipment?

A. $235,000. B. $224,000. C. $294,000. D. $283,000. E. $59,000.

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