Use the information below to answer the following question(s).The following information is for Winnie Company:

-The agency supervisor of a non-profit organization wants to know how many individuals may receive financial assistance during the year.The organization has fixed costs of $600,000.They aid the unemployed by supplementing their incomes by $8,000 annually, while they seek new employment skills.The budgeted appropriation for the year is $2,000,000.Based on this financial data, how many individuals can receive financial assistance?

Question

Use the information below to answer the following question(s).The following information is for Winnie Company:
 
-The agency supervisor of a non-profit organization wants to know how many individuals may receive financial assistance during the year.The organization has fixed costs of $600,000.They aid the unemployed by supplementing their incomes by $8,000 annually, while they seek new employment skills.The budgeted appropriation for the year is $2,000,000.Based on this financial data, how many individuals can receive financial assistance?

Quizplus · Accepted Answer

The correct answer is A: 175 people.Explanation:To determine the number of individuals who can receive financial assistance, we need to calculate the amount of funds available for assistance after deducting the fixed costs.Available funds = Budgeted appropriation - Fixed costsAvailable funds = $2,000,000 - $600,000Available funds = $1,400,000Now, we can calculate the number of individuals who can receive assistance:Number of individuals = Available funds / Annual assistance amountNumber of individuals = $1,400,000 / $8,000Number of individuals = 175Therefore, the agency can provide financial assistance to 175 individuals during the year.

Use the Information Below to Answer the Following Question(s)