Quiz 4 - ACCT 310 - Quiz 4 Fall 2008 Jackson County Senior...

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1 ACCT 310 - Quiz 4 Fall 2008 Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services programs are provided for seniors – home nursing, meals on wheels, and housekeeping. In the home nursing program, nurses visit seniors on a regular basis to check on their general health and to perform tests ordered by their physicians. The meals on wheels program delivers a hot meal once a day to each senior enrolled in the program. The housekeeping program provides weekly housecleaning and maintenance services. Data on revenue and expenses for the past year follow: Total Home Nursing Meals on Wheels House- keeping Revenues $ 900,000 $ 260,000 $ 400,000 $ 240,000 Less variable expenses 490,000 120,000 210,000 160,000 Contribution margin $ 410,000 $ 140,000 $ 190,000 $ 80,000 Less fixed expenses: Depreciation $ 68,000 $ 8,000 $ 40,000 $ 20,000 Liability insurance 42,000 20,000
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Quiz 4 - ACCT 310 - Quiz 4 Fall 2008 Jackson County Senior...

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