A non-profit organisation aids the unemployed by supplementing their incomes by $3200 annually,while they seek new employment skills.The organisation 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 organisation has fixed costs of $240 000 and the budgeted appropriation for the year totals $800 000. This means that the organisation has $800 000 - $240 000 = $560 000 available to spend on financial assistance. Since each individual receives $3200 in financial assistance, the organisation can provide assistance to 560 000 / 3200 = 175 people.

A Non-Profit Organisation Aids the Unemployed by Supplementing Their Incomes