Hardyke Group operates a local after-school recreation and activities program. The Education Department is a state...

Transcribed Image Text:

Hardyke Group operates a local after-school recreation and activities program. The Education Department is a state governmental agency. Hardyke has an agreement with the Department to provide services to students in need for a nominal $1 per day, to be paid by the student. The government will reimburse Hardyke for the "cost" of providing daily services used by a student. The regular price to participate in the program is $5.10 per day. After analyzing its costs, Hardyke calculates that, with its operating deficit, the full cost of each student for a day is $7.60. All programs that Hardyke offers are unaffected by the number of students paying the nominal fee. Required: b. Which price would Hardyke Group prefer? Note: Enter your answer to 2 decimal places. c. Which price would the Education Department prefer? Note: Enter your answer to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. d. If Hardyke provides an average of 3,100 student-days for in-need children in a given month, what is the monthly value of the difference between the prices in full capacity? b. Price c. Price d. Difference per day per day per month Hardyke Group operates a local after-school recreation and activities program. The Education Department is a state governmental agency. Hardyke has an agreement with the Department to provide services to students in need for a nominal $1 per day, to be paid by the student. The government will reimburse Hardyke for the "cost" of providing daily services used by a student. The regular price to participate in the program is $5.10 per day. After analyzing its costs, Hardyke calculates that, with its operating deficit, the full cost of each student for a day is $7.60. All programs that Hardyke offers are unaffected by the number of students paying the nominal fee. Required: b. Which price would Hardyke Group prefer? Note: Enter your answer to 2 decimal places. c. Which price would the Education Department prefer? Note: Enter your answer to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. d. If Hardyke provides an average of 3,100 student-days for in-need children in a given month, what is the monthly value of the difference between the prices in full capacity? b. Price c. Price d. Difference per day per day per month

Answer rating: 100% (QA)

a a Full Cost for Each Student 760 b Regular Price 510 c Nominal Fee 100 d Subsidy from the Ed... View the full answer