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The state government has contacted a local nonprofit to add an additional ten new trainee spots, which would expand their current career training program to a total of sixty trainees. The average cost of the program is approximately $6,000 per trainee at the current level of service; however, the state is willing to pay $3,000 each for the ten extra spots, keeping the reimbursement rate for the fifty existing seats at $6,000 per trainee. The facility has the capacity for one hundred students and the number of existing teachers can handle sixty students. If this nonprofit accepts the state's offer: Problem 1: What would the total revenue be for this program?
Problem 2: What would total expenses be for this program assuming that the average cost of $6,000 per trainee consists of $5,200 in fixed costs per student and $800 in variable costs per student? Your reading tells you that fixed costs are costs that do not change with increased volume up to a certain point. In this case, your fixed costs would not change until you were serving more than 100 students. Problem 3: What would the net profit/loss be for this program? Problem 4: Should this nonprofit accept the state's offer? Why or why not?
Prepare journal entries to record all of the events. Descriptions/Narrations are NOT required. On 1 February 2020, the directors of Johnny Ltd invited applicant
Journalize the revaluation of the noncash assets - What is Parks' beginning capital on the books of his new proprietorship?
ABC Corporation owns 10,000 ordinary shares representing 10% of the shares outstanding of XYZ Corporation. How much is the dividend income to be recognized
Issues 56,000 additional shares of $1 par value, Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021.
Which of the bodies listed below has prepared a series of 18 Guidelines for guidance to its members in an effort to promote consistent practices?
Which of the following items must be separately stated on Form 1120S, U.S. Income Tax Return for an S Corporation, Schedule K-1?
What is the advantage, if any, of cost benefit analysis over cost-effectiveness analysis? What is the advantage, if any, of cost-effectiveness analysis over cost benefit analysis? What is the difference, if any, between cost-effectiveness analysis fo..
Whippany manufacturing wants to estimate costs for each product they produce at its Troy plant. The Troy plant produces three products at this plant, and runs two flexible assembly lines. Each assembly line can produce all three products. Classify ea..
Candy pays the accrued bond interest and calls the bonds. The call price is 208. Record the payment of interest and redemption of the bonds
1. a company uses 40000 gallons of materials for which it paid 9.00 a gallon. the materials price variance was 80000
What alternative rate, or rates, might be preferred by opponents of the settlement rate? Why?
Our department has not processed legal, Prepare a memo for payroll department outlining our responsibilities and obligations under a legal or garnishment order.
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