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Your friend is planning to open their own daycare center. They asked you to help them review their financial numbers. Friend has provide you with
Your friend is planning to open their own daycare center. They asked you to help them review their financial numbers. Friend has provide you with the following monthly information Unit Variabe cost Lunch and snacks Educational supplies Other supplies Fixed cost Rent $ $ $ 100 Per child 75 Per child 25 Per child Utilities Insurance Salaries Misc $ 2,000 Monthly $ 300 Monthly $ 300 Monthly $ 2,500 Monthly $ 500 Monthly Monthly fee per child $ 600 (Selling Price) Required Prepare a break even analysis --- show your work b Prepare an income statement, similar to the one we did in the class to prove your break even calculation Assume that friend has an monthly target income before taxes of $4,000. Prepare a worksheet to determine the number of children that would be required to attend each month to attain their target income
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