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Fee Setting - As the executive director of Advocates for Children, you have had a change of heart.
As the executive director of Advocates for Children, you have had a change of heart. You decide not to attempt to maximize revenues in this second seminar. You decide to exclude a profit margin in the fee computation, but you will include indirect costs. Additionally, the local United Way in the community hosting the seminar has guaranteed 45 participants. If fewer than 45 participants register for the seminar, the United Way will make up the difference. In exchange for this guarantee, the United Way has asked you to set the seminar fee as low as possible. Following the checklist in Figure 11.1, perform all the computations necessary to set a fee. What will your fee be?
1. Direct and indirect costs2. Depreciation and use allowance3. Unallowable costs4. Profit margins5. Fixed and variable costs6. Break-even points7. Market prices8. Variable fee and sliding fee schedules
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