Question

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

Answer 1

Answer:

100

Explanation:

Calculation to determine How many individuals can receive financial assistance this year

Using this formula

Numbers of individuals=Total budgeted appropriation-Fixed costs/Incomes

Let plug in the formula

Numbers of individuals=700,000-200,000/5000

Numbers of individuals=500,000/5000

Numbers of individuals=100

Therefore How many individuals can receive financial assistance this year will be 100