I want to know total revenue, total cost, profit. Jinky\'s Day Care Jinky Austri
ID: 2543902 • Letter: I
Question
I want to know total revenue, total cost, profit. Jinky's Day Care Jinky Austrich is a manager of a day care center located in Patterson, Burnaby. Such pre-school houses kids who are under 6 years of age. There are 3 levels in the school: toddler for those 4 years old and below, Prep 1 for those within 4 to 5 years old and Prep 2 for those 5 to 6 years old. The population is 15 kids for toddler, 18 for Prep 1 and 21 for Prep 2. The monthly tuition fee is $ 465, $445 and $ 415 per month respectively excluding the supplies which cost $45 and miscellaneous fee of $ 20 for every student upon enrollment. The school runs from September to June. The monthly cost of operation are: rent of the building which is $4500, utilities- $475, supplies $180, teachers salary $2,800 and salaries for one employee which is $1,200 (part time) and the manager-$4000. There are 2 teachers for the toddlers and 1 each for Prep 1 and Prep 2. The miscellaneous expense is $250 a month. During the summer break the school closes with only the teachers and rent getting paid. The pay is just 50% of their salary for the month of July and August. The rent of the place will still continue at a discount of 40%. The monthly cost of operation for miscellaneous, utilities and supplies are almost zero during summer break. The school receives two financial support from the government. First, is the monthly subsidy from the provincial government which is equal to 5 % of the monthly cost of operation of the school. Secondly, the City of Burnaby provides a financial support of 2-5% of the annual cost of operation of the school. The school receives it every end of the school year.
Explanation / Answer
Working Calculation of Total Cost Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Total Rent of Building $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 2,700 $ 2,700 $ 50,400 Utilities $ 475 $ 475 $ 475 $ 475 $ 475 $ 475 $ 475 $ 475 $ 475 $ 475 $ - $ - $ 4,750 Supplies $ 180 $ 180 $ 180 $ 180 $ 180 $ 180 $ 180 $ 180 $ 180 $ 180 $ - $ - $ 1,800 Teacher's Salary $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 11,200 $ 5,600 $ 5,600 $ 123,200 Employee salary $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ - $ - $ 12,000 Manager salary $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ - $ - $ 40,000 Misc. Expenses $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ - $ - $ 2,500 Total Maintenance Cost $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 8,300 $ 8,300 $ 234,650 Calulation of Revenue Toddler Prep 1 Prep 2 Total Monthly Tution Fee $ 465 $ 445 $ 415 $ 1,325 Less: Supplies $ 45 $ 45 $ 45 $ 135 Less: Enrollment fee $ 20 $ 20 $ 20 $ 60 Net Fee $ 400 $ 380 $ 350 $ 1,130 No. of Kids 15 18 21 54 Total Monthly Fee $ 6,000 $ 6,840 $ 7,350 $ 20,190 Total annual Fee = 20190*12 $ 242,280 Calculation of subsidy from provincial government Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Total Total Maintenance Cost $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 21,805 $ 8,300 $ 8,300 $ 234,650 Subsidy % 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Subsidy amount $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 1,090 $ 415 $ 415 $ 11,733 calculation of Financial support from city of Burnaby Total Cost * 2.5% 234650 * 2.5% $ 5,866 Total Revenue Total annual Fee $ 242,280 Subsidy from Provincial Govt. $ 11,733 Financial Support rfom city of Burnaby $ 5,866 Total Revenue $ 259,879 Total Cost $ 234,650 Profit = $259879 - $234650 Profit $ 25,229
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