Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kids Early Start (KES) operates from Monday to Friday. KES provides childcare and educational services for inner-city kids between ages of 3 months and 5

Kids Early Start (KES) operates from Monday to Friday. KES provides childcare and educational services for inner-city kids between ages of 3 months and 5 years. It has fixed expenses of $35,000 per week and charges parents $15 per day for each child who attends the program. A city contract pays the center $25,000 per week.It costs KES $5 per day for supplies and snacks for each child. KES also offers an optional early-reading program for children over the age of 3. Parents pay an additional $3 per day to enroll a child in the program. Thirty percent (30%) of the children attending KES are enrolled in the reading program. 1) How many children have to come to KES each week for it to break even?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance A Contemporary Application of Theory to Policy

Authors: David N Hyman

11th edition

9781305474253, 1285173953, 1305474252, 978-1285173955

More Books

Students also viewed these Finance questions

Question

What research interests does the faculty member have?

Answered: 1 week ago