Play Place Preschool operates a not-for-profit morning preschool. Each family pa
ID: 2485538 • Letter: P
Question
Play Place Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $125 per child per school year. Monthly tuition for the eight-month school year varies depending on the number of days per week that the child attends preschool. The monthly tuition in $105 for the two three-day program, $135 for the four-day program, and $155 for the five-day program. The following enrollment has been projected for the coming year: (Click the icon to view the enrollment data.) In addition to the moving preschool, Play Place 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 $4 per child for every Lunch Bunch attended. Historically, half the children stay for Lunch Bunch an average of 10 times a month. Calculate Play Place Preschools budgeted revenue for the school year.Explanation / Answer
Play Place preschool
Budgeted Revenue
Monthly tution revenue: 2 day program 105 * 48 $8820 3 day program 120 * 48 $5760 4 day program 136 * 64 8,640 5 day program 155 *20 3,100 Total monthly tution $26,320 Months of operation 8 Total tution revenue $210,560 Registration fee revenue(216 * 125) 27,000 Lucnh bunch revenue( 108*4* 10 * 8) 34560 Total revenue $272,120