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A daycare charges $53 per day per child. Fixed expenses include $190 per day for...

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Question

Finance

A daycare charges

$53

per day per child. Fixed expenses include

$190

per day for wages and

$490

per day for space rental and insurance. The daycare can take in up to

20

children each day and is expected to be full.

(a) To break even, what is the most that can be spent on supplies per child per day?

(b) To achieve a profit of

$200

per day, what is the amount that can be spent on supplies per child per day?

(a) To break even, the most that can be spent on supplies is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b) To earn a profit of

$200,

the most that can be spent on supplies is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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