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Spring Garden Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $120 per child per school year. Monthly tuition for
Spring Garden Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $120 per child per school year. Monthly tuition for the 8-month school year varies depending on the number of days per week that the child attends preschool. The monthly tuition is $125 for the two-day program, $150 for the three-day program, $165 for the four- day program, and $180 for the five-day program. The following enrollment has been projected for the coming year: Two-day program Three-day program Four-day program Five-day program 78 children 44 children 56 children 20 children In addition to the morning preschool, Spring Garden Preschool offers a Lunch Bunch program where kids have the option of staying an extra hour for lunch and playtime. The preschool charges an additional $2 per child for every Lunch Bunch attended. Historically, half of the children stay for Lunch Bunch an average of 15 times a month. Requirement: Calculate the preschool's budgeted revenue for the school year. Budgeted Yearly Revenue Monthly tuition revenue: 2-day program 3-day program 4-day program 5-day program Total monthly tuition Months of operations Total tuition revenue Registration fee revenue Lunch Bunch revenue Total revenue
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