Spring Garden Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $120 per child per school year. Monthly tuition for the eight-month school year varies depending on the number of days per week that the child attends preschool. The monthly tuition is $125 for the two-day program, $150 for the three-day program, $165 for the four-day program, and $180 for the five-day program. The following enrollment has been projected for the coming year:
Two-day program .................................................................................... 78 children
Three-day program ................................................................................. 44 children
Four-day program ................................................................................... 56 children
Five-day program .................................................................................... 20 children
In addition to the morning preschool, Spring Garden Preschool offers a Lunch Bunch program where kids have the option of staying an extra hour for lunch and playtime. The preschool charges an additional $2 per child for every Lunch Bunch attended. Historically, half of the children stay for Lunch Bunch an average of 15 times a month.
Requirement
Calculate Spring Garden Preschool's budgeted revenue for the school year.