Summer program for children in elementary school

Assignment Help Financial Management
Reference no: EM131958960

Clifftown’s Parks and Recreation Department is introducing a new summer program for children in elementary school. Programming runs from 8:00 a.m. to 5:00 p.m., Monday through Friday. The proposed camp is 10 weeks long and is planned for 50 children. Fixed costs, which include equipment and facilities costs, are estimated at $5,000 for 10 weeks. The facilities and equipment can accommodate up to 100 children per week, which is the maximum the department is willing to enroll in any given session. There will be 5 camp counselors each week for the 50 children, at a total cost of $2,500 per week for the 5 counselors. The department is comfortable with each counselor being responsible for 11 children. Any more than that and an additional counselor will need to be hired. The camp will serve lunch and snacks on each weekday, at a weekly cost of $15.

(a) Identify the fixed, step, and variable costs.

(b) What would be the cost of the program for 50 children?

(c) What would be the cost of the program for 75 children?

Reference no: EM131958960

Questions Cloud

What you learned about yourself by utilising the disc tool : Critical Thinking and Managerial Decision Making - Reflective Essay - Reflective essay is to summarize what you learned from the unit and how you believe your
Identify the critical business functions : Identify the critical business functions and how they interact in order to position the organization to be effective in the current business environment.
Interview a graphic designer : For a possible 25 points extra credit, interview a graphic designer. Interview must be in person. 500-word assignment.
Identify the global societal problem : Identify the global societal problem within the introductory paragraph and conclude with a thesis statement that states your proposed solution(s).
Summer program for children in elementary school : Clifftown’s Parks and Recreation Department is introducing a new summer program for children in elementary school.
Save each year to meet retirement goals : How much does he need to save each year to meet his retirement goals?
Analysing an organisations strategic position : The concept of Strategic fit describes the gap or fit between the environment and a firms strategy - Analysing an organisations strategic position
Analyze the relationship between business and society : Suggest five (5) ways in which the primary stakeholders can influence the organizations financial performance. Provide support for the response.
Payments into your retirement account : How much will you have if you wait 10 years before beginning to save and only make 40 payments into your retirement account?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd