Question

a daycare center has a weekly revenue of $15,000. the daycare director has created a monthly budget using the following percentages for expenses: percent employee wages 40% building rent 5% supplies 15% equipment 5% educational licensing 2% food 13% utilities 10% maintenance 5% emergency/repair 5%

Answer 1

The estimated monthly expenses for the daycare center, based on the given percentages, are $60,900.

The monthly expenses for each category based on the given percentages, you can use the following formula:

Monthly Expense = (Percentage/100) x Weekly Revenue x 4

Let's calculate the monthly expenses for each category:

Employee Wages: Employee Wages = (40/100) x 15000 x 4 = $24000

Building Rent: Building Rent = (5/100) x 15000 x 4 = $3000

Supplies: Supplies = (15/100) x 15000 x 4 = $9000

Equipment: Equipment = (5/100) x 15000 x 4 = $3000

Educational Licensing: Educational Licensing = (2/100) x 15000 x 4 = $1200

Food: Food = (13/100) x 15000 x 4 = $7800

Utilities: Utilities = (10/100) x 15000 x 4 = $6000

Maintenance: Maintenance = (5/100) x 15000 x 4 = $3000

Emergency/Repair: Emergency/Repair = (5/100) x 15000 x 4 = $3000

Now, let's sum up these expenses to find the total monthly expenses:

Total Monthly Expenses = Employee Wages + Building Rent + Supplies + Equipment + Educational Licensing + Food + Utilities + Maintenance + Emergency/Repair

Total Monthly Expenses = $24000 + $3000 + $9000 + $3000 + $1200 + $7800 + $6000 + $3000 + $3000

Total Monthly Expenses = $60900

So, based on the given percentages, the estimated monthly expenses for the daycare center are $60,900.