Midtown Soup Kitchen would like to provide meals in a new location. The initial study shows that the fixed costs, including the rent, equipment, and personnel costs, are $50,000 per month. The facility can serve 1,000 meals per day 30 days a month, and there is more demand than the kitchen can supply. The variable cost is the food cost, which is approximately $2.00 per meal, and the city is willing to support the project. You are preparing a budget application to the city. How much support will you need from the city to make this project break even for your nonprofit financially?
Midtown Soup Kitchen would like to provide meals in a new location. The initial study shows that the fixed costs, including the rent, equipment, and personnel costs, are $50,000 per month. The facility can serve 1,000 meals per day 30 days a month, and there is more demand than the kitchen can supply. The variable cost is the food cost, which is approximately $2.00 per meal, and the city is willing to support the project. You are preparing a budget application to the city. How much support will you need from the city to make this project break even for your nonprofit financially?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Midtown Soup Kitchen would like to provide meals in a new location. The initial study shows that the fixed costs, including the rent, equipment, and personnel costs, are $50,000 per month. The facility can serve 1,000 meals per day 30 days a month, and there is more demand than the kitchen can supply. The variable cost is the food cost, which is approximately $2.00 per meal, and the city is willing to support the project.
You are preparing a budget application to the city. How much support will you need from the city to make this project break even for your nonprofit financially?
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