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All three requirements! Begin Here Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 190 kids enrolled in
All three requirements!
Begin Here Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 190 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: (Click the icon to view salary data) (Click the icon to view additional information.) Requirements 1.Prepare Begin Here Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2.Using your answer from Requirement 1, create Begin Here Preschool's budgeted income staterment for the entire nine-month school year. You may group all operating expenses together 3.Begin Here Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Requirement 1. Prepare Begin Here Preschools monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar.) More info In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 765% of salary expense. The prescheol leases is facilees from a local church, poying $4,000 every month il $900 per modth ovor the nine-nanth school year. Variable monthly expenses (ovor the nine month school year) for art supplies and other miscillaneous mupplies are $6 per child Alewenue for the entire nine-month school year frem tuibion, registration fees, and the lunch progran is pepjected to be $244,800 Salary data Step by Step Solution
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