Prepare a sales budget for a not-for-profit organization (Learning Objective 2) Great Start Preschool operates a not-for-profit
Question:
Prepare a sales budget for a not-for-profit organization (Learning Objective 2)
Great Start Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $120 per child per school year. Monthly tuition for the nine-month school year varies depending on the number of days per week that the child attends preschool. The monthly tuition is $115 for the two-day program, $130 for the three-day program, $145 for the four-day program, and $160 for the five-day program. The following enrollment has been projected for the coming year:
In addition to the morning preschool, Great Start Preschool offers a Lunch Bunch program where kids have the option of staying an extra hour for lunch and playtime. Great Start charges an additional $3 per child for every Lunch Bunch attended. Historically, half the children stay for Lunch Bunch an average of ten times a month.
Requirement Calculate Great Start Preschool’s budgeted revenue for the school year.
Step by Step Answer:
Managerial Accounting
ISBN: 9780138129712
1st Edition
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.