Need help with requirement 3. the last picture are the answer for #3
(Click the loon to wew salary' data.) (Cick the loon 10 wiew additional information.) Requirements 1. Prepare Play Pace Preschod's monthly opersting budget. Round all amounts to the nearest dolar 3. Play Place Preschool is a not for prort. preschool. What might the preschocl do with its projected income for the year? Salary data More info In addion ta the salary experise, the preschcol must pay federal payroll taxes (Fich taxes) in the amount of 7.65% of salary expense. The preschicol leases its faciities from a local church paying $4,070 every month it operales. Fixet aperaling experses (lekephane, inlernel access, bcokkeeping services, and so forlh) atrouat to Seea per monith dver the nime-month schinol yeat. Variable monilhly experses (over the mine-menith scibal ye:ar) for art supples and other miscelaneous supplies are 58 per chlid. Revenue for the entire nine-month school year from tultion, registration fees, and the Iunch program is projacted to be $246,400. Requirement 2, Using your answer from Requirement 1, create Pla pu may group all cocrating expenses togother. Requirement 3. Play Place Preschool is a not-40r-profit preschool. What might the preschpol do with its projccted income for the ycar? From the budgeted Income statement, Play Place Preschool leams that projected operating income tor the year. Since the preschool is a not-for-proft preschool, In business to generate income for its owners. The preschool may be able to further its orgarioaliorial gouals with the projec:led income It may decide to use the income for any of the folowing purposes. (If an input field is not used in the iable leave the hput field empty; do not select a label.) Requirement 3 . Play Place Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? From the budgeted income statement, Play Place Preschool learns that projected operating income for the year. Since the preschool is a not-for-profit preschool, in business to generate income for its owners. The preschool may be able to further its organizational goals with the projected income It may decide to use the income for any of the following purposes. (If an input field is not used in the table leave the input field empty; do not select a label.) Improve the current program Increase tuition rates Invest in additional (or better) classroom equipment Invest in additional (or better) executive automobiles Invest in additional (or better) playground equipment Make cuts to the currect program Offer scholarships to families who have difficulty paying tuition Reduce teacher's salaries Reduce tuition rates
