Middlehurst House is a daycare center/preschool which operates as a partnership of George Friedman and Bill Compton. The center is in a city that has a large base of twoincome families who have a need for quality day care. The two men started the center this year. Compton contributed $40,000 to get the business started—to purchase equipment and to operate through the early months. Friedman, who previously managed another center, is the director of the center and draws $2,000 per month for his services. Partnership profits and losses, after Friedman 's salary, are split 75 percent for Compton and 25 percent for Friedman. Middlehurst House operates from 6 a.m. to 6 p.m., Monday through Friday. It is in a single building that has a capacity …show more content…
Friedman doesn 't think this expansion would be profitable. However, he has never done an analysis of the situation and has not thought about an appropriate tuition. He believes that the infant/instructor ratio in his center should be no higher than 5 infants to one instructor. The center would have no food costs for the infants. Compton will only agree to Friedman 's suggested changes if the center will continue to operate at or above the current profit level. Friedman does not start a new class unless more students are on the waiting list than are required per class. Obviously, enough students are on the 5-to-6 age group waiting list to start a new class. Lately, however, he has wondered if the center could make a profit by starting classes with fewer than the requisite number, taking the chance that new students would appear and could be added immediately. Information from his various inquiries implies that a potential market for quality infant care (0 to 24 months) exists. Friedman doesn 't think this expansion would be profitable. However, he has never done an analysis of the situation and has not thought about an appropriate tuition. He believes that the infant/instructor ratio in his center should be no higher than 5 infants to one instructor. The center would have no food costs for the infants. Compton will only agree to Friedman 's suggested changes if the center will continue to operate at or above the current profit level. Questions: 1. Look at each
Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash.
At Children’s Discovery Center the daycare is split into two buildings, one building is for the children in pre-school and the second building is for infants to three year olds getting ready to start pre- school. The classroom I observe is for children 18 months to 28 months. They are about fourteen children in the class with two teachers. The way the class is set up the younger students and their two teachers share one classroom, but the teachers and their toddlers are not in the same room until lunch time and nap time. The classroom has a kitchen, reading area, girls and boys bathroom, activity tables and there is a connecting room for the children to have bible time and free play. The discovery center has three separate playgrounds for the
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.
Provide a definition of what a “high quality” preschool program consists of and why that is important.
Anne’s First Street Preschool is in Beaufort, North Carolina. Anne Street has a Mother’s Morning Out Program. The MMO is everyday 8 to 12, so the mothers and fathers can do what they need for that brief period of time without having to watch over their child. The MMO has two teachers, A and G. They supervise 7 children, 4 girls and 3 boys. The child used for this project is named C and he is almost 2 years old. The other girls named L, B, K, and T. L and B were twins who were 2 years old. K was almost 2. T was almost 3 years old. The boys, not including C, were D and M. D and M were both around the same age, almost 2 years old. The observation took place from 8 to 9:30, when the children went outside to play.
Q3. Do you agree with Mr. Clarkson’s estimation of the company loan requirements? How much will he need to finance the expected expansion in sales to $ 5.5 Mil. In 1996 and to take all trade discounts?
As the need for increasingly punitive community-based sanctions grew, the demand for a greater variety of programs and services became apparent, as did the importance of a more seamless transition from total incapacitation to total freedom of prisoners re-entering society. A variety of community corrections methods have developed over the years, one being the institution of halfway houses. To adequately understand residential community corrections, one must consider the origins, components, and effectiveness of halfway houses.
At this daycare in Cincinnati, there is a big room that the kids can play. In the big room there are different sections labeled with fine motor toys, sensory toys and etc. The toddlers and kids have about a half hour each day to explore and play with those toys. According to Gonzalez- Mena & Eyer (2015) " Promoting motor development in toddlers follows the same principles as those for infants. Toddlers need freedom to move and experience a variety of ways of using the skills they posess" (p.146). The big room allows the toddlers to have freedom and to move around the room. According to Gonzalez-Mena & Eyer (2015) "Wandering usually involves picking up objects, carrying them to another location,and putting them down" (pg.147). While I have
As a father and a provider, George Hadley wants to provide the best for his family so he did not hesitate to pay the cost “half again as much as the rest of the house” for the “nursery” room to entertain his children.
3. One source of MHHS’s cash flow problems are the steady staff salaries and benefits in the face of a seasonal industry. Ms. Ringer uses the promise of regular employment for full and part time staff as a recruitment tool, despite the variation in demand for home health services, which is higher in the winter months, but markedly decreased in summer. The seasonal nature of the home health industry, coupled with the steady labor expense, which she is actively expanding, requires Ms. Ringer to utilize a line of credit to cover her staff salaries, as they are not being covered by patient care.
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.
For a non-profit organization, the Asante Teaching Hospital is able to provide better services to natural birth patients than most of its for-profit competitors and attracts much attention from elsewhere in the world. However, there are some inefficiencies that can potentially harm the hospital’s business and its future. This article is to answer two questions: first, should Asante use bundle pricing for natural births? Second, what is the most appropriate price for natural birth patients?
Additionally, the unwillingness of the business office employees to accept onsite help from the hospital financial analyst team. They appear to be content with the status quo, which has resulted in their current financially precarious situation. They do not have the foundation needed, which should be as described by Weiss, Hassell, and Parks (2013) “…fertile enough to accept the seeds of change and to nurture them to grow” (p. 492).
3. One source of MHHS’s cash flow problems are the steady staff salaries and benefits in the face of a seasonal industry. Ms. Ringer uses the promise of regular employment for full and part time staff as a recruitment tool, despite the variation in demand for home health services, which is higher in the winter months, but markedly decreased in summer. The seasonal nature of the home health industry, coupled with the steady labor expense, which she is actively expanding, requires Ms. Ringer to utilize a line of credit to cover her staff salaries, as they are not being covered by patient care.
Blake Memorial Hospital was already in a huge debt and Reid could only borrow a certain amount since the hospital had to pay its previous debt, so Reid thought of cutting down the costs. He also thought closing down the clinics would give a great boost to the financial condition of Blake Memorial leading to provide better quality of care for the patients. But there was a debate about closing the clinics because the director of clinics of Blake Dr. Susan Russell didn’t want the clinics to shut down. She argued that the patients that visit the clinics they wouldn’t visit the hospital even if they were getting free transportation provided. Reid was confused about how he should improve the quality of care and manage the financial records of his hospital that was in charge of. He asked Dr. Russells to send him the report of clinics records to see what kind of patients come in and for what services.