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I want to know total revenue, total cost, profit. Jinky's Day Care Jinky Austrich is a manager of a day care center located in Patterson,
I want to know total revenue, total cost, profit.
Jinky's Day Care Jinky Austrich is a manager of a day care center located in Patterson, Burnaby. Such pre-school houses kids who are under 6 years of age. There are 3 levels in the school: toddler for those 4 years old and below, Prep 1 for those within 4 to 5 years old and Prep 2 for those 5 to 6 years old. The population is 15 kids for toddler, 18 for Prep 1 and 21 for Prep 2. The monthly tuition fee is $ 465, $445 and $ 415 per month respectively excluding the supplies which cost $45 and miscellaneous fee of $ 20 for every student upon enrollment. The school runs from September to June. The monthly cost of operation are: rent of the building which is $4500, utilities- $475, supplies $180, teachers salary $2,800 and salaries for one employee which is $1,200 (part time) and the manager-$4000. There are 2 teachers for the toddlers and 1 each for Prep 1 and Prep 2. The miscellaneous expense is $250 a month. During the summer break the school closes with only the teachers and rent getting paid. The pay is just 50% of their salary for the month of July and August. The rent of the place will still continue at a discount of 40%. The monthly cost of operation for miscellaneous, utilities and supplies are almost zero during summer break. The school receives two financial support from the government. First, is the monthly subsidy from the provincial government which is equal to 5 % of the monthly cost of operation of the school. Secondly, the City of Burnaby provides a financial support of 2-5% of the annual cost of operation of the school. The school receives it every end of the school year Step by Step Solution
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