Prepare a flexible budget of revenues and expenses

Assignment Help Financial Management

Reference no: EM132023289

Teaching & Learning Research Center at UAlbany needs to prepare a budget for a research proposal to do an in-depth study of Rensselaer County's after-school programs.The County is willing to pay $17,500 for each site studied, up to 15 sites.A report must be submitted within a year of the start of the project.

Regardless of the number of sites, the Center will need a primary researcher at $60,000 per year and 2 associate researchers at $35,000 each per year to do the study. Supervising the site studies is the responsibility of the associate researchers. Each associate researcher will be able to supervise up to eight sites. Research assistants are needed to transcribe field notes and provide support for the associate researchers. These part-time research assistants are each paid $6,000 and are only able to support 3 site studies each. The center must budget 30% of the salary of the primary and associate researchers for fringe benefits.

Based on past experience, the Center estimates that it will need $2,500 for supplies. Researchers will have to travel to each research site. Each trip will cost $20 and the center expects that 40 trips will be made to each site during the study.

Prepare a flexible budget of revenues and expenses for a study that includes 9 sites, 12 sites, and 15 sites.

Reference no: EM132023289

Questions Cloud

Competitive advantage of an organization : Does operations management have an impact on the competitive advantage of an organization?

How much would vteps inc be willing to pay for this device : However, your team expects the savings of expenses to increase at a rate of 3% per year after the first year (i.e., $15, 450 in EOY 2, etc.).

Critically analyse and explain why businesses fail : Critically analyse and explain why businesses fail Identify key personal development attributes of small business owners and how it impacts the business

What does the bond currently sell for : A given bond has 5 years to maturity. It has a face value of $1,000. It has a YTM of 6% and the coupons are paid semiannually at a 10% annual rate.

Prepare a flexible budget of revenues and expenses : Teaching & Learning Research Center at UAlbany needs to prepare a budget for a research proposal to do an in-depth study of Rensselaer .

Peter paul rubens differently than a non-believer would : Do you think a Christian views religious art such as Peter Paul Rubens differently than a non-believer would? Why or why not?

Calculate the cost of perferred stock : Taylor Systems has just issued preferred stock. The stock has a 11% annual dividend and a $80 par value and was sold at $87.20 per share.

Evaluate the taxpayers options : A taxpayer suffered a $20,000 capital loss early this year (from selling some securities) and is considering two alternatives for generating income.

Calculate the critical marginal tax rate : A taxable issue yields 6.1 percent, and a similar municipal issue yields 4.6 percent. What is the critical marginal tax rate?

User Account

All Pages