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2-29. Zoo Extravaganza is a not-for-profit organization. Zoo Extravaganza took over the county zoo, with the provision that the county would provide a subsidy for
2-29. Zoo Extravaganza is a not-for-profit organization. Zoo Extravaganza took over the county zoo, with the provision that the county would provide a subsidy for its operations. The county provides $7,000 per month. The rest of the zoo's revenues comes from admission charges, which are as follows: $20 for a family admission (the average family has four people), $3 per child in school groups, $5 per child ticket when not in a school group, and $8 per adult ticket. Each ticket entitles the visitor to ride on the "Train Around the Zoo." However, only one-third of all visitors actually ride the train. The zoo expects the following number of visitors per month: The zoo has the following monthly expenses in four general areas: Determine the operating budget per month. Show revenues and expenses by line item, and show the expected profit or loss
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