A nonprofit organization aids the unemployed by supplementing their incomes by $5,000 annually,while they seek new employment skills.The organization has fixed costs of $200,000 and the budgeted appropriation for the year totals $700,000.How many individuals can receive financial assistance this year?

Question

Quizplus · Accepted Answer

We need to find out how many individuals can receive financial assistance. Let the number of individuals be represented by x.

From the information provided in the question, we know that the organization has fixed costs of $200,000. This means that the remaining budgeted appropriation for the year, after deducting fixed costs, can be used to supplement the incomes of the unemployed.

So, we have:

Budgeted appropriation - Fixed costs = Total amount available for supplementing incomes

$700,000 - $200,000 = $500,000

We also know that each individual can receive financial assistance of $5,000 annually. Therefore, the total amount of financial assistance required for x individuals will be 5,000x.

We can now set up an equation to solve for x:

5,000x = 500,000

x = 100

Therefore, the best choice is C) 100 people, as this is the maximum number of individuals that can receive financial assistance from the available budget.

A Nonprofit Organization Aids the Unemployed by Supplementing Their Incomes