Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please provide the detail answers with formulas. 6. Wild Tiger Daycare provides daycare for children Mondays through Fridays (Click the icon to view the monthly
Please provide the detail answers with formulas.
6. Wild Tiger Daycare provides daycare for children Mondays through Fridays (Click the icon to view the monthly variable and fixed costs.) Print Required 1. Calculate the breakeven point. 2. Wild Tiger's target operating income is S11,400 per month. Compute the number of children who must be enrolled to achieve the target operating income. 3. Wild Tiger lost its lease and had to move to another building. Monthly rent for the new building is $3,100. At the suggestion of parents, Wild Tiger plans to take children on field trips. Monthly costs of the field trips are $1,600. By how much should Wild Tiger increase fees per child to meet the target operating income of $11,400 per month, assuming the same number of children as in requirement 2? Requirement 1. Calculate the breakeven point. Determine the formula used to calculate the breakeven quantity Breakeven- Fixed costs quantity The breakeven point at the current revenue and costs per child is Requirement 2. Wild Tiger's target operating income is $11,400 per month. Compute the number of children who must be enrolled to achieve the target operating income. Determine the formula used to calculate the target quantity Contribution mar gin per child children. (Round your answer to the nearest whole number) Target - quantity Wild Tiger would need a target quantity of Requirement 3. Wild Tiger lost its lease and had to move to another building. Monthly rent for the new building is $3,100. At the suggestion of parents, Wild Tiger plans to take children on field trips. Monthly costs of the field trips children to produce a target operating income of $11.400 per month. (Round your answer to the nearest whole number.) are 51,600. By how much should Wild Tiger increase fees per child to meet the target operating income of $11,400 per month, assuming the same number of children as in requirement 2? Determine the formula used to calculate the fee increase per child. Fee increase per child Using the number of children from Requirement 2, the fee would need to increase byS per child to still meet the target operating income of $11,400 per month. (Round your answer to the nearest whole number.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started