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What quantity of individuals must ohs shelter each month

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Reference no: EM132752549

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: Suppose that the city of Oakland requires OHS to earn a modest surplus of $2,000 per month in order to shield against sudden cost increases, temporary funding shortages or spikes in volume. What quantity of individuals must OHS shelter each month to meet this surplus requirement?

Problem 2: Suppose instead that the city of Oakland's regulations prohibit homeless shelters from exceeding a monthly deficit of $1,500 (the maximum deficit any shelter can incur is $1,500 per month). What is the minimum quantity of individuals OHS must shelter each month in order to comply with this regulation?

Reference no: EM132752549

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