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Kindly help me with the attached capital budgeting CASE ANALYSIS. It's a advanced cost accounting question.Thank you! Galaxy Science Centre (GSC) is a nonprofit organization

Kindly help me with the attached capital budgeting CASE ANALYSIS. It's a advanced cost accounting question.Thank you!

image text in transcribed Galaxy Science Centre (GSC) is a nonprofit organization which was founded in late 20X6 as the first science museum to serve the city of Britannia. GSC's initial con- struction and startup costs were provided by provincial and municipal government grants and private sector contributions. In return for its initial support, the provin- cial government expects GSC to operate an annual science fair that is expected to become one of the premier science fairs in the country within ten years. GSC's board of trustees reports directly to the municipal government which provided GSC with the following mandate: (1) to educate the general public, (2) to support the science programs of local schools, (3) to provide a science resource centre for the municipality, and (4) to operate on a breakeven basis without the need for fur- ther government funding. The local university, which has been experiencing declin- ing enrollment in its science programs, especially welcomes the opening of GSC. The grand opening of GSC is scheduled for the fall of 20X8. Initially, GSC's services will include various scientific exhibits and educational films. The annual sci- ence fair will include a contest where science projects entered by students are to be judged and the best three exhibited at GSC. Future plans include adding a gift shop featuring souvenirs of both the science centre and the city. With the grand opening quickly approaching, the board decided to hire an independent consultant to resolve the following issues: 1. Board members questioned how budgeting for operations should be applied to GSC, what performance measures are possible, and what should be considered in selecting output measures. 2. Two options are available for financing the computer and related software needed to assist in the operations of GSC either buy or lease (see Exhibit 4- 1). The board requested a complete quantitative analysis of these two options and a recommendation. 3. Given GSC's mandate, the only source of funding to cover the first year's operating expenses would be through admission charges and a one-time subsidy granted by the municipality. The board requested that data resulting from an initial market study and cost analysis (see Exhibit 4-2) be analyzed and an admission price for the first year of operations be recommended. 4. Without a subsidy from the municipality after the first year, the board wondered whether it could continue admitting senior citizens and preschool children free of charge and still break even. Three options (see Exhibit 4-3) were put forward by the board for analysis. 5. A general pricing policy for items to be sold in the gift shop was needed REQUIRED As Edyth Plum, the independent consultant hired by GSC's board of trustees, analyze the five issues and prepare a report, complete with recommendations, to GSC's board of trustees

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