Calculate the monthly quantity of homeless individuals ohs

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Reference no: EM132752546

The Oakland Homeless Shelter (OHS) provides temporary lodging, food and medical services for homeless citizens in the city of Oakland. OHS's chief financial officer is trying to assess the monthly break-even point for the shelter.

The shelter has monthly fixed costs of $30,000. The shelter receives $35 per individual sheltered per day from the city of Oakland and incurs $15 in variable cost per individual sheltered per day.

Problem 1: Calculate the monthly quantity of homeless individuals OHS needs to shelter in order to break even. (note: in order to ease calculations for this question and all questions below, assume that one individual who stays multiple days at the shelter counts as multiple "homeless individuals", i.e. an individual who stays 5 days counts as 5 "homeless individuals")

Reference no: EM132752546

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