Pretty Place Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $140 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 is $125 for the two-day program, $140 for the three-day program, $160 for the four-day program, and $185 for the five-day program. The following enrollment has been projected for the coming year: In addition to the morning preschool, Pretty Place Preschool offers a Lunch Bunch program where kids have the of staying an extra hour for lunch and playtime. The preschool charges an additional $2 per child for every Lunch attended. Historically, half of the children stay for Lunch Bunch an average of 15 times a month. Requirement Calculate Pretty Place Preschool's budgeted revenue for the school year. E (Click the icon to view the enrollment data.) Pretty Place Preschool Budgeted Revenue For Year Ended Monthly tuition revenue: 2-day program 3-day program 4-day program 5-day program Total monthly tuition Months of operations Total tuition revenue Registration fee revenue Lunch Bunch revenue Total revenue

Pretty Place Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $140 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 is $125 for the two-day program, $140 for the three-day program, $160 for the four-day program, and $185 for the five-day program. The following enrollment has been projected for the coming year: In addition to the morning preschool, Pretty Place Preschool offers a Lunch Bunch program where kids have the of staying an extra hour for lunch and playtime. The preschool charges an additional $2 per child for every Lunch attended. Historically, half of the children stay for Lunch Bunch an average of 15 times a month. Requirement Calculate Pretty Place Preschool's budgeted revenue for the school year. E (Click the icon to view the enrollment data.) Pretty Place Preschool Budgeted Revenue For Year Ended Monthly tuition revenue: 2-day program 3-day program 4-day program 5-day program Total monthly tuition Months of operations Total tuition revenue Registration fee revenue Lunch Bunch revenue Total revenue

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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