The Happy Toddlers is a preparatory school for children three to five years old. Students are...
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The Happy Toddlers is a preparatory school for children three to five years old. Students are enrolled for a school year. Operations started on June 1. Parents can pay the full tuition fee of P70, 000 each at the start of the every semester (June 1 and November 1.) Of the 150 students enrolled, 80 are paid in full at the start of the year. The remaining students are on installment basis. One school year runs from June 1 to March 31. Required: Determine the tuition fee revenue for the period December 31. This is the first year of Happy Toddlers operations. Part 2: Determining the business expenses The Happy Toddlers (THT) is a preparatory school for children three to five years old. There are ten teachers employed by THT: five senior teachers with a salary of P30, 000 a month and five junior teachers at P18, 000 a month. There are also four administrators with average monthly salary of P35, 000. Annual depreciation for furniture and fixtures amounted to P100, 000. Utilities starting operation totals P200,000. Required: Examine and list down the expenses of THT as of December 31 by nature. Which type of expense is the highest and lowest? If the owner of THT consulted you on minimizing expenses and maximizing profit, what would you recommend? The Happy Toddlers is a preparatory school for children three to five years old. Students are enrolled for a school year. Operations started on June 1. Parents can pay the full tuition fee of P70, 000 each at the start of the every semester (June 1 and November 1.) Of the 150 students enrolled, 80 are paid in full at the start of the year. The remaining students are on installment basis. One school year runs from June 1 to March 31. Required: Determine the tuition fee revenue for the period December 31. This is the first year of Happy Toddlers operations. Part 2: Determining the business expenses The Happy Toddlers (THT) is a preparatory school for children three to five years old. There are ten teachers employed by THT: five senior teachers with a salary of P30, 000 a month and five junior teachers at P18, 000 a month. There are also four administrators with average monthly salary of P35, 000. Annual depreciation for furniture and fixtures amounted to P100, 000. Utilities starting operation totals P200,000. Required: Examine and list down the expenses of THT as of December 31 by nature. Which type of expense is the highest and lowest? If the owner of THT consulted you on minimizing expenses and maximizing profit, what would you recommend?
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To determine the tuition fee revenue for the period December 31 we need to consider the payment terms and the number of students who have paid in full or are on an installment basis 1 Tuition Fee Reve... View the full answer
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Posted Date:
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