Question

Executive Training, Inc. provides a personal development seminar that is popular
with many companies. Executive Training charges $500 for each seminar it conducts.
The number of seminars offered over the last six months along with the total costs
of offering these seminars appear below:

Month           Costs Incurred        Seminars Offered
January           $15,400                   55
February           14,200                   45
March              18,000                   60
April              14,700                   50
May                19,600                   75
June               16,500                   58

Executive Training, Inc. expects to offer 72 seminars during July.

Using the high-low method, calculate Executive Training's expected net income for
July.

Answer 1