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Hello Tutor, I am taking the financial class right now. The content of the class is about financial management. Attached you can see 4 questions
Hello Tutor,
I am taking the financial class right now. The content of the class is about financial management. Attached you can see 4 questions that i cannot how to answer it. could you help me resolve them and explain why that answer is correct? Those questions from the book Financial Management for Public, Health, and Not-for-profit Organizations (5th). The book's author is Steven A. Finkler. Thank you. Looking forward to your reply.
. 1: Distinguish among full, direct, and indirect costs. 2: When determining costs, which of the following factors will not be taken into account? A: The cost objective B: The relevant range of time C: The relevant range of volume D: Who is measuring the cost E: Whether the person asking the question is inside or outside the organization 3: Relevant costs are those that change because of the action being considered or undertaken by an organization. Which of the following factors should be considered when determining which costs are relevant in a decision to expand an afterschool reading program for neighborhood children? a. The mission of the organization b. The number of children that will be added to the program c. The impact of adding the children on the quality of the program d. The impact of adding the children to the existing facility e. All of the above 4: Answer the following questions about the breakeven analysis. New City Day Care Center operates from Monday to Friday. It has fixed expenses of $5,000 per week and charges each child who 1. Attends the program $15 per day. It costs the Center $5 per day for supplies and snacks for each child. How many children must come to the Center each day for it to break even? If the Center gets a contribution of $1,000 per week, its breakeven point (choose the correct answer) 2. a. Increases b. Decreases c. Stays the same
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