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wrote...
Posts: 548
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A year ago
Define break-even analysis and list the steps involved in calculating a break-even financial situation.
 
  What will be an ideal response?

Question 2

When you start up a for-profit child care center, you ___.
 
  a. should use your personal checking account
  b. should not purchase liability insurance because it is too expensive
  c. should open up a business checking account
  d. should not worry about incorporating the business

Question 3

Block Grants, such as the Child Care and Development Grant Fund (CCDF), have been used to
 
  a. start up new centers.
  b. improve the affordability and quality of existing centers.
  c. improve the quality rating in the states QRIS.
  d. all of these.

Question 4

One critical issue facing the preschool system is
 
  a. whether public schools should take over education of the Pre-K program or leave that to the centers that already exist.
  b. whether directors or board members should receive higher salaries.
  c. whether playground equipment should be made of rubber or wood.
  d. whether individual families should hold bake sales to raise money or collaborate with neighbors.

Question 5

In determining the amount of funds needed to run a program, a (n) ___ is useful.
 
  a. center enrollment report
  b. accounts receivable report
  c. break-even analysis
  d. budget comparison chart

Question 6

A good way to make money for major projects such as renovating a building is to ___.
 
  a. have a bake sale
  b. have a car wash
  c. have a raffle
  d. apply for a bank loan

Question 7

What does RFP stand for?
 
  a. References for Personnel
  b. Request for Payment
  c. Request for Proposal
  d. all of the above

Question 8

Examples of fixed cost expenses include ___.
 
  a. rent and utilities
  b. salaries and benefits
  c. Classroom materials (i.e., construction paper. paste, crayons)
  d. rent and utilities, salaries and benefits, and insurance

Question 9

Before beginning a major fund-raising campaign, the director or board chairperson must ensure
  that ___.
 
  a. resources are available to keep accurate records
  b. resources are available to notify donors that their contribution has been received
  c. the center has an IRS exemption
  d. all of the above
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Answer verified by a subject expert
wrote...
Posts: 363
Rep: 1 0
A year ago
Ans. to #1

ANSWER:
A break-even analysis is determining
how many enrolled children and at what tuition will be needed to offset expenses and operational costs.

The steps involved in determining a centers financial break-even costs are: 1) Calculate fixed cost that must be paid no matter how many children are enrolled. Fixed costs include rent, phone, utilities, insurance, equipment, salaries and benefits for director, cook, maintenance staff, and secretary and any other non-classroom staff. 2) Determine the number of children you will serve. 3) Based on the number of children per teacher, calculate the number of teachers and the cost of teacher and assistant salaries and their benefits. 4) Based on the number of children; estimate the cost of food and supplies. 5) Add the costs to be incurred (items 1, 3, and 4). 6) Divide the total (from line 5) by the number of children.
7)
The dollar figure in line 6 represents the amount you will have to receive in tuition to break even.

Ans. to #2

ANSWER:
c

Ans. to #3

ANSWER:
d

Ans. to #4

ANSWER:
a

Ans. to #5

ANSWER:
c

Ans. to #6

ANSWER:
d

Ans. to #7

ANSWER:
c

Ans. to #8

ANSWER:
d

Ans. to #9

ANSWER:
d
1
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wrote...
A year ago
I've been struggling with this concept and going into a mild panic attack due to having an exam on this in the morning. Really wish I found this website a few weeks ago when I began studying for this exam, but better late than never I guess. Thank you so much!
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