Bright Star Preschool operates a not-for-profit morning preschool. Each family pays a non- refundable registration fee of $120 per child per school year. Monthly tuition for the nine- month school year varies depending on the number of days per week that the child attends preschool. The monthly tuition is $115 for the two-day program, $130 for the three-day program, $145 for the four-day program, and $160 for the five-day program. The following enrolment has been projected for the coming year:
Two-day program:............................................................................. 56 children
Three-day program: ........................................................................... 32 children
Four-day program:............................................................................. 48 children
Five-day program:.............................................................................. 16 children
In addition to the morning preschool, Bright Star Preschool offers a Lunch Bunch program where kids have the option of staying an extra hour for lunch and playtime. Bright Star Preschool charges an additional $3 per child for every Lunch Bunch attended. Historically, half the children stay for Lunch Bunch an average of 10 times a month.
Requirement
Calculate Bright Star Preschool’s budgeted revenue for the school year.