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5. (5 points) Assume that the Zoo Extravaganza board of directors thinks that the organization should set aside an annual amount equivalent to 5
5. (5 points) Assume that the Zoo Extravaganza board of directors thinks that the organization should set aside an annual amount equivalent to 5 percent of operating expenses for a rainy day fund. Create a new expense category and add it to the budget. Interpret the outcome. tepretation: 5 points) Now, develop a model to pay for the reserve fund. Copy the assumptions and budget to the second workbook. Develop a model with operating fees that balance the budget, including the rainy day fund. Interpret. In the interpretation, please address any assumptions about the impact on demand; how different groups are affected, and administrative issues. retation:
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To address the board of directors recommendation well add a new expense category for the rainy day fund to the Zoo Extravaganza budget Well allocate 5 percent of the operating expenses to this fund Th...Get Instant Access to Expert-Tailored Solutions
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