Question

1) Bright Star Preschool operates a not-for-profit morning preschool. Each family pays a non- refundable registration fee of $120 per child per school year. Monthly tuition for the nine months school year varies depending on the number of days per week that the child attends preschool. The monthly tuition is $115 for the two-day program, $130 for the three-day program, $145 for the four-day program, and $160 for the five-day program. The following enrolment has been projected for the coming year: 56 children 32 children 48 children 16 children Two-day program Three-day program Four-day program Five-day program. In addition to the morning preschool, Bright Star Preschool offers a Lunch Bunch program where kids have the option of staying an extra hour for lunch and playtime. Bright Star Preschool charges an additional $3 per child for every Lunch Bunch attended. Historically, half the children stay for Lunch Bunch an average of 10 times a month. Required: Calculate Bright Start Preschool's budgeted revenue for the school year. (75pts)

Answer 1

Statement Showing Bright Star Pre school Budget Revenue S.no Partriculars Children Tution fees No.of monti Total 1 Two Day Programme 56 $ 115.00 9 $ 57,960 2 Three Day Programme 32 $ 130.00 9$ 37,440 3 Four Day Programme 48 $ 145.00 9 $ 62,640 4 Five Day Programme 16 $ 160.00 9 $ 23,040 Total $ 1,81,080 5 Lunch Programme Note $ 20,520 Total Revenue $ 2,01,600 152 Note Lunch Programme Budget No.of Stude Half of the students = 152/2 = 76 students No.of times per month = 10 times No. of months = 9 months Price per lunch bunch = $ 3 per student per lunch bunch Revenue from lunch bunch = 76* 10* 9 * 20,520.00