A nonprofit organization aids the unemployed by supplementing their incomes by $3,200 annually, while they seek new employment skills. The organization has fixed costs of $240,000 and the budgeted appropriation for the year totals $800,000. How many individuals can receive financial assistance this year?

Question

Quizplus · Accepted Answer

The organization has fixed costs of $240,000 and the budgeted appropriation for the year totals $800,000. So, the amount available for financial assistance is $800,000 - $240,000 = $560,000. Each individual receives $3,200 in financial assistance. So, the number of individuals who can receive financial assistance this year is $560,000 / $3,200 = 175 people.

A Nonprofit Organization Aids the Unemployed by Supplementing Their Incomes