Cost Volume Profit Analysis: Day-Care Center Proposal

A day care is daytime care for people who cannot be fully independent, such as children or elderly people. Day care takes place outside the home by someone other than close family and does not involve overnight care .They are many type of day cares available such as: child care on non-domestic premises these are day care for children under eight for a continuous period of hours they are mainly nurseries and children centres. Pre-schools or play groups these are day care for children under eight for sessions that are less than a continuous period of four hours in a day. They either attend in the morning or the afternoon sessions Out of school care these are also day care for children under eight which operate before school, after school or during school holidays. Crèche’s provide occasional care for children under eight; they can be in permanent premises to care for children while parents are taking part in activities such as shopping or sport. Crèches can also be on a temporary basis to care for children while parents are attending conferences, exhibitions etc.

The Kaiser Child Care Centers were established during the World War II by the Kaiser company for their female workers and were operated 24 hours a day. The Kaiser Company built these facilities in the shipyards so that the working mothers wouldn’t have to worry about the safety of their children and would be motivated to work more. Not only did these centers provide care for the children, they also provided the children with medical attention, and hot meals. We currently have centers like these now. Most centers now a days take care of children day-to-day so their parents can go to work and sustain their families without having to worry about their safety and well-being. These centers left an enormous legacy and demonstration of quality child

An increase in baby booming makes it tougher for working parents to find daycare. The facts prove that having children come with a true price. Even so it doesn’t change the issues of finding child care or makes them go away. When parents work, quality child care is a necessity. And it does not come cheap. For families with more than one child, child care can eat up one salary, leaving parents wondering both working is worth it. When thinking of child care there are some options to consider like choosing a child care center, the costs of child care centers, and waiting lists.

In general, the first operational year of any business can be stressful and a bit perplexing. In most circumstances, the first year for any new daycare center will be a period of low enrollment. This means we may be facing insufficient income to meet your expenses. Yet, the budget had not taken into consideration any potential loss in the income that might happen. Nevertheless, according to the loss scenario, we face a significant loss in the income about 44,740$ less than the anticipated income, which causing a shortage in the budget about 18,452$ less than the anticipated spending. Eventually, this shortage in the income would certainly has a significant effect on the cash flow for the rest of the year. Indeed, if the administrator does not

The day-care center will save and make the company money. The day-care center will keep money inside the company.

New parents would require a well paying job, as a well paying job requires a good education. Providing a daycare could lead to a higher class job to support an already-formed family. But, to every positive leads a negative. Frequent budget cuts would have to be met to maintain a healthy and financially stable daycare for children and staff (Source B). The main obstacle of proving a daycare is for the community paying for it. Taxpayers do not want to pay for “sexually active, immature kids” and would rather not pay for them and their “mistakes” (Source C).

The recommended time frame to implement all recommendations is 1 year. Once all implementations have been completed the Adult day care services center will benefit from some long-term financial returns (inflow of donations) and social economic growth. These returns will manifest themselves in the three main areas; increased enrollment means more funds to care for variable costs, it will make it easier for the agency to appeal for more donations hence more cash and there will be an increased social economic growth for the entire community.

to 5:00 p.m.). Fees do not vary if less than a full day or less than a month of daycare is used by the parents. Based on projected demand, it is expected that the daycare center will open in January 1997 with 120 children. Ms. Nemet has been successful in negotiating a ratio of 6 children to 1 daycare worker for the first year of operation. Daycare workers earn $6.50 per hour. They work from 9 to 5 and get paid for eight hours. Children get a snack and lunch. The food cost is $3.00 per child per day. The cost of supplies is $1.50 per child per day. The City of Northville has purchased certain equipment (such as cots and desks) for the first 120 children. However, these costs are estimated to increase by $50 per child as the enrollment at the daycare center goes up. For the first four months, it is expected that the number of children will grow by 10 percent, beginning in February 2000. Beginning June 2000, the monthly growth is expected to be 5 percent. Parents pay $200 per month per child. In the first year, Northville is "donating" space and utilities. Ms. Lux says that this city contribution is worth $2,000 a month. Mr. Legato says that the union will contribute to the cost of the city's new daycare center by providing $1.00 per child per day for the children of union members. It is estimated that 70 percent of the children will be children of union members. The state has a subsidized daycare start-up grant for the first year of

It is becoming more common for corporations to provide daycare facilities as a fringe benefit for their employees. What has evaluative research found regarding the costs and benefits of these facilities?

Through time, various cultures have populated my area due to an increased in business growth and due to the significant amount of families that are relocating to the area the need for childcare is crucial. More businesses are projected to relocate to the area and with the building of

Childcare is the starting point in your children 's lives. The choices you make on childcare can affect them greatly. It is when they will begin to meet the friends that they will grow up with as they go through grade school. Children need this step in their lives to adjust from staying at home, to staying with other children in a completely different surrounding. There are so many different options for childcare now a days, it is extremely hard to say which is the most beneficial for children. In this paper I will discuss the childcare decisions that my mother made for me, what to consider when evaluating childcare, and compare them to some of my references and see how they are similar and also how they differ.

Q: Privatization of daycare services is a hot topic on the agenda of Canada and some other developed countries by claiming that privatization will bring both qualitative and the quantitive efficiency to the market and thus help countries to raise higher generations. What would be the effects of this turn to the women and the ‘motherhood’ concept?

The SickKids Hospital is mainly aimed at maintaining a suitable and financial status. The graphs provided above provide a suitable outlook of the hospital’s main source of revenue, available assets, and the specific areas as well as percentage of funds invested in children’s health. The main sources of revenue as presented in the pie chart include events, corporate partnerships, direct marketing, individual giving, net lottery, and parking fees. With the funds collected, a great percentage of the investment is directed towards child care, research, education, national and international relations. Through profitability generated from the performance, SickKids Hospital invests the remaining section of its funds to asset acquisition.

While there are some caregiver’s that are only in the human service field to earn a paycheck and with the lack of parental involvement in their child’s life, it can make a caregiver’s job more challenging. Daycare centers serve as a stepping stone for a child’s future that will teach them how to establish appropriate skills and aid in the development of their cognitive abilities. Positive child interactions not only aid in the development of social and cognitive development, but also in the child’s self-esteem and it lets them know they are important and loved.

I work for USAID and for a while now I have seen the mothers being faced with a lot of challenges when their children are sick. As a matter of fact, taking your child to a Day care is inevitable for the mothers who are working. In USAID, we have also witnessed a lot of challenges with our workers when their children are sick. Day care is a fact of life for any parent living in the United States of America. When a child is sick a parent is ever restless as he/she becomes sick also with the state of the child. This has been that way because many Day cares do not accept sick children. Therefore, I have decided to carry out a research or a study to investigate the potential of putting up a center for sick child day care. In carrying out the research I want to establish the cost of absenteeism per employee per day, average days lost to absenteeism due to sick children and the average turnover percentage among employees with young children. This study will enable the organization to be in a better position to retain good and talented employees who time to time leave work to take care of their children. It will also boost the performance of the employees as their mind would be settled for work.