User Account

All Pages

ACC548 Not-for-profit and Government Accounting Assignment

Assignment Help Accounting Basics
Reference no: EM132450381

ACC548 Not-for-profit and Government Accounting Assignment - University of Phoenix, USA

Question - Average costs generally contribute little to the budget process.

The Pleasant Valley School District, which leases its buses from a private transportation company, has determined that the direct costs of operating a bus (including rental fees, driver, and fuel) is $40,000 per year. The district currently operates 30 buses, each of which provides service to 90 children-hence, to a total of 2,700 children. The district also incurs $350,000 per year in fixed costs relating to transportation.

A. Calculate the average cost per child of providing bus transportation.

B. The district expects that next year it will have to provide transportation for an additional 300 children-a total of 3,000.Based on average cost, how much additional cost should the district budget?

C. How much additional cost do you think the district should budget?

D. Suppose that the district expects that it will have to provide transportation for another 60 children in addition to the 300-a total of 360. How much more should it budget for the additional 60 children?

E. Suppose the district expected that it will have to provide transportation for an additional 100 children in addition to the 300-a total of 400 students. How much more should it budget for the 100 children? How might management manage the process until it knew with certainty that 100 children will actually need transportation?

Reference no: EM132450381

Questions Cloud

Exceeds the quantity of financial capital demanded : If the quantity of financial capital supplied exceeds the quantity of financial capital demanded, what takes place?
About the ethical obligations : What ethical obligations do employees have in commenting about their employer on social media?
Find the circumference of the earth and the moon : What are the equations to be used to find the circumference of the earth and the moon?
Describe business type activities called proprietary funds : Describe Business Type Activities called Proprietary . It is easy to understand that accounting for these services is done on a full accrual basis of accounting
ACC548 Not-for-profit and Government Accounting Assignment : ACC548 Not-for-profit and Government Accounting Assignment Help and Solution, University of Phoenix, USA. Calculate the average cost per child
What is the definition of project management : What is the definition of "project management"? How is project management different from program management?
What was the total operating income : Does the CAFR indicate that the government provides other postemployment benefits? If so, what is the nature of these benefits? How are they reported?
Higher the internal pressures caused by gravity : The larger the mass of a star, the higher the internal pressures caused by gravity. Higher internal pressures causes higher temperatures and it is temperature
Name an everyday object that has same diameter : Name an everyday object that has the same diameter-to-thickness ratio as the Milky Way, and demonstrate that it does using estimates of the size/thickness

Reviews

Write a Review

Accounting Basics Questions & Answers

  Stritch company is trying to decide how many units of

stritch company is trying to decide how many units of merchandise to order each month. the companys policy is to have

  Distinguishing features of currency crises

One of the distinguishing features of currency crises and capital flight episodes that have occurred since the 1980's is that they have often linked across countries.

  How does cash flow affect the evaluation of an investment

How does cash flow affect the evaluation of an investment? If an initial investment will be $100,000, which is better, a one-time return of $120,000 received in one year after the investment is made.

  Hark inc had cash sales of 400000 and credit sales of

hark inc. had cash sales of 400000 and credit sales of 1100000. the accounts receivable balance increased 25000 during

  Calculate the amount of cost of goods manufactured

Target Co. had the following beginning and ending inventory balances for the year, Calculate the amount of Cost of Goods Manufactured for the year

  What the consequences of a credit policy that is too strict

Discuss the importance of businesses extending credit to customers. What are the consequences of a credit policy that is too strict

  What entry would ritenour make to record the sale

Ritenour Manufacturing has an old factory machine that cost $50,000.The machine has accumulated depreciation of $28,000 and a fair value of $26,000. Ritenour has decided to sell the machine.

  Prepare the general journal entry to record the issuance

Goodwin, Inc issued $2,000,000 of 5%, 20-year bonds. Prepare the general journal entry to record the issuance of the bonds on January 1

  Determine the net present value for the proposal

Assuming that the desired rate of return is 10%, determine the net present value for the proposal. Use the table of the present value of $ 1 presented

  Compute and record the impairment loss

Robertson Inc. bought a machine on March 31, 2000 for $300,000. What amount will the machine be reported at after the impairment test

  What is the current price of a share of starbucks stock

What is the current price of a share of Starbucks stock (include the date of your post and your source)? What were the high and low prices of a share of Starbucks stock during the past year. What is the current price of a share of Starbuck's close..

  Palmiero purchased a patent from vania corporation

Palmiero purchased the license for distribution of a popular consumer product on January 1, 2010, for $150,000. It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd