Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A daycare charges $52 per day per child. Fixed expenses include $270 per day for wages and $660 per day for space rental and insurance.
A daycare charges $52 per day per child. Fixed expenses include $270 per day for wages and $660 per day for space rental and insurance. The daycare can take in up to 30 children each day and is expected to be full. (a) To break even, what is the most that can be spent on supplies per child per day? (b) To achieve a profit of $420 per day, what is the amount that can be spent on supplies per child per day? (a) To break even, the most that can be spent on supplies is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) To earn a profit of $420, the most that can be spent on supplies is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started