A daycare charges $46 per day per child. Fixed expenses include $126 per day for wages and $339 per day for space rental and insurance. The daycare can take in up to 15 children each day and is expected to be full. (a) To break even, what is the most that can be spent on supplies per child per day? (b) To achieve a profit of $60 per day, what is the amount that can be spent on supplies per child per day? (a) To break even, the most that can be spent on supplies is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A daycare charges $46 per day per child. Fixed expenses include $126 per day for wages and $339 per day for space rental and insurance. The daycare can take in up to 15 children each day and is expected to be full. (a) To break even, what is the most that can be spent on supplies per child per day? (b) To achieve a profit of $60 per day, what is the amount that can be spent on supplies per child per day? (a) To break even, the most that can be spent on supplies is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A daycare charges $46 per day per child. Fixed expenses include $126 per day for wages and $339 per day for space rental and
insurance. The daycare can take in up to 15 children each day and is expected to be full.
(a) To break even, what is the most that can be spent on supplies per child per day?
(b) To achieve a profit of $60 per day, what is the amount that can be spent on supplies per child per day?
(a) To break even, the most that can be spent on supplies is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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