Shiigi Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May is to be based on 3,300 meals. The diner's director has provided the following cost data to use in the budget: groceries, $3.80 per meal; kitchen operations, $4,600 per month plus $1.25 per meal; administrative expenses, $3,800 per month plus $0.40 per meal; and fundraising expenses, $1,700 per month.Required:Prepare the diner's budget for the month of May. The budget will only contain the costs listed above; no revenues will be on the budget.
What will be an ideal response?
| Shiigi Urban Diner | ||
| Planning Budget | ||
| For the Month Ended May 31 | ||
| Budgeted meals (q) | 3,300 | |
| Groceries ($3.80q) | $ | 12,540 |
| Kitchen operations ($4,600 + $1.25q) | 8,725 | |
| Administrative expenses ($3,800 + $0.40q) | 5,120 | |
| Fundraising expenses ($1,700) | 1,700 | |
| Total expense | $ | 28,085 |
You might also like to view...
Which of the following is an element of deep-level diversity?
A. race B. attitudes C. sex D. age
If total assets decreased by $88,000 during a period of time and owner's equity increased by $65,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
A) $23,000 increase B) $88,000 decrease C) $153,000 increase D) $153,000 decrease
People with a ____________, within dimensions of personality, are characterized as competitive, impatient, aggressive, and achievement-oriented.
What will be an ideal response?
This planning tool helps entrepreneurs test the possibilities of an initial idea to see if it is worth pursuing.
a. the business brief b. the back-of-a-napkin plan c. the feasibility study d. the market research study