Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Florida Elementary school operates a not-for-profit morning preschool. Each family pays a non-refundable registration fee of $120 per child per school year. Monthly tuition

1) Florida Elementary school operates a not-for-profit morning preschool. Each family pays a non-refundable registration fee of $120 per child per school year. Monthly tuition for the eight-month school year varies depending on the number of days per week that the child attends preschool. The monthly tuition is $125 for the two-day program, $150 for the three-day program, $165 for the four-day program, and $180 for the five-day program. The following enrolment has been projected for the coming year: Two-day program ............................. .................... ..................... 78 children Three-day program .......... ................. ............. .......... .......... ......44 children Four-day program ....... .......... ....... .......... ............. .......... ......... 56 children Five-day program ......................................................................... 20 children

In addition to the morning preschool, Florida Elementary school offers a Lunch Bunch program where kids have the option of staying an extra hour for lunch and playtime. The preschool charges an additional $2 per child for every Lunch Bunch attended. Historically, half of the children stay for Lunch Bunch an average of 15 times a month.

Requirement: Calculate Florida Water Preschool's budgeted revenue for the school year.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

26th edition

128574361X, 978-1305446052, 1305446054, 978-1285743615

More Books

Students also viewed these Accounting questions

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago