Question
Sunshine Labs (SL) is a not-for-profit organization that provides technology training programs to children with disabilities. The program operates 5 days per week, 45 weeks
Sunshine Labs (SL) is a not-for-profit organization that provides technology training programs to children with disabilities. The program operates 5 days per week, 45 weeks per year. In the upcoming year, the program plans to enroll 24 children each week. SL has received a $90,000 government grant for the upcoming year. On the first day of the year, SL will purchase new educational technology that costs $28,300, will have a salvage value of $4,000, and a useful life of 6 years. SL will also need to purchase insurance that costs $8,100 for the year. Salaries and benefits for all of SL's instructors total $12,000 per month. The organization pays the instructors' salaries year-round (i.e., 12 months per year). SL estimates that supplies will cost $200 in total per week that the program operates and snacks will cost $15 per child per week.
[Note: Round your answers to TWO decimal places. Do not include symbols ($) or commas in your answers.]
A) How much must SL charge per child per week in tuition in order to break even? $[Blank 1]
B) If SL decides they would like to operate at a profit of $300 per week, how much must they now charge per child per week? $[Blank 2]
C) Total fixed costs per week are: $[Blank 3]
D) An increase in which of the following variables would result in your answer to Part A increasing?
Fixed Revenue
Fixed Costs
Quantity
[Write the WHOLE number corresponding to the correct option - e.g. 1 or 2 or 3] = [Blank 4]
Blank # 1 Blank # 2 Blank # 3 Blank # 4
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