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Great Start Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 164 kids enrolled in its various programs. The preschool's primary expense is payroli. 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 Great Start Preschools monthly operating budget. Round all amounts to the nearest dollar 2.Using your answer from Requirement 1, create Great Start Preschoofs budgeted income statement for the entire nine-month school yea You may group all operating expenses together. 3.Great Start Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Great Start Preschool operates a not-for-profit morning preschool that operates nine months of the year. The Salary data onal information. est dollar. statement for the ojected income Great Start Preschool has 9 two-day program teachers, 2 three-day program teachers, 5 four-day program teachers, and 4 five-day program teachers. The preschool also has a director. Total monthly operating expenses More info In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 7.65% of salary expense. The preschool leases its facilities from a local church, paying $4,020 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $860 per month over the nine-month school year. Variable monthly expenses (over the nine-month school year) for art supplies and other miscellaneous supplies are $6 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $243,600. Great Start Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 164 kids enrolled in its various programs. The preschool's primary expense is payroli. 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 Great Start Preschools monthly operating budget. Round all amounts to the nearest dollar 2.Using your answer from Requirement 1, create Great Start Preschoofs budgeted income statement for the entire nine-month school yea You may group all operating expenses together. 3.Great Start Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Great Start Preschool operates a not-for-profit morning preschool that operates nine months of the year. The Salary data onal information. est dollar. statement for the ojected income Great Start Preschool has 9 two-day program teachers, 2 three-day program teachers, 5 four-day program teachers, and 4 five-day program teachers. The preschool also has a director. Total monthly operating expenses More info In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 7.65% of salary expense. The preschool leases its facilities from a local church, paying $4,020 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $860 per month over the nine-month school year. Variable monthly expenses (over the nine-month school year) for art supplies and other miscellaneous supplies are $6 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $243,600
