Three not-for-profit organizations operate separately in Tamarisk City. The most established entity, Tamarisk Support, has been around for over 100 years and generates by far the largest amount of donations. Tamarisk Kidz Zone was founded 30 years ago and generates less than half of what Tamarisk Support brings in. Tamarisk Emergency Aid was founded just 20 years ago and provides relief to those in the most urgent of circumstances. Tamarisk Emergency Aid is building its donation network and is already close to the level of Tamarisk Kidz Zone in terms of fundraising dollars. Until last year, all three entities operated separately-separate staff, separate spaces, and separate work plans. Then last year, discussions began to coordinate some of their administrative efforts for efficiency purposes, recognizing that each could benefit if they were willing to give up a bit of comfort. Each entity is paying the following amount annually to rent administrative space and cover the cost of staff. Tamarisk Support Tamarisk Kidz Zone Tamarisk Emergency Aid $134.130 73,640 55.230 After some searching, they found a space that would accommodate everyone's needs, while making it possible to reduce administrative hours by 30%. The new, larger space plus administrative labor cost for all would be $180,000.
Three not-for-profit organizations operate separately in Tamarisk City. The most established entity, Tamarisk Support, has been around for over 100 years and generates by far the largest amount of donations. Tamarisk Kidz Zone was founded 30 years ago and generates less than half of what Tamarisk Support brings in. Tamarisk Emergency Aid was founded just 20 years ago and provides relief to those in the most urgent of circumstances. Tamarisk Emergency Aid is building its donation network and is already close to the level of Tamarisk Kidz Zone in terms of fundraising dollars. Until last year, all three entities operated separately-separate staff, separate spaces, and separate work plans. Then last year, discussions began to coordinate some of their administrative efforts for efficiency purposes, recognizing that each could benefit if they were willing to give up a bit of comfort. Each entity is paying the following amount annually to rent administrative space and cover the cost of staff. Tamarisk Support Tamarisk Kidz Zone Tamarisk Emergency Aid $134.130 73,640 55.230 After some searching, they found a space that would accommodate everyone's needs, while making it possible to reduce administrative hours by 30%. The new, larger space plus administrative labor cost for all would be $180,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A 254.
Transcribed Image Text:Three not-for-profit organizations operate separately in Tamarisk City. The most established entity, Tamarisk Support, has been around for over 100 years and generates by far the largest amount of donations. Tamarisk Kidz Zone
was founded 30 years ago and generates less than half of what Tamarisk Support brings in. Tamarisk Emergency Aid was founded just 20 years ago and provides relief to those in the most urgent of circumstances. Tamarisk
Emergency Aid is building its donation network and is already close to the level of Tamarisk Kidz Zone in terms of fundraising dollars.
Until last year, all three entities operated separately-separate staff, separate spaces, and separate work plans. Then last year, discussions began to coordinate some their administrative efforts for efficiency purposes,
recognizing that each could benefit if they were willing to give up a bit of comfort.
Each entity is paying the following amount annually to rent administrative space and cover the cost of staff.
Tamarisk Support
Tamarisk Kidz Zone
Tamarisk Emergency Aid
$134,130
73,640
55,230
After some searching, they found a space that would accommodate everyone's needs, while making it possible to reduce administrative hours by 30%. The new, larger space plus administrative labor cost for all would be
$180,000.
Transcribed Image Text:Using the stand-alone method, determine how much of the total cost for shared space and administrative labor would be allocated to each entity. (Round percentage of total to 2 decimal places, e.g. 15.25% and final answers to 0
decimal places, e.g. 125.)
New cost paid by each
$
Tamarisk Support
90000
$
Tamarisk Kidz Zone
45000
$
Tamarisk Emergency Aid
45000
$
Total costs
180000
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