MY NOTES ASK YOUR TEACH According to the Food and Nutrition Service of the U.S. Department of Agriculture, in one school year the National School Lunch Program (NSLP) served 31.2 million school lunches. Of these, 16.1 million were free lunches, 3.2 million were reduced price lunches, and 11.9 million were full price lunches. The federal govermment reimburses school districts $2.68 for each free lunch, $2.28 for each reduced-price lunch, and $0.25 for each paid lunch. In addition to cash reimbursements, schools are entitled to receive USDA foods called "entitlement" foods at a value of 19.50 cents for each lunch served. You are the administrator in charge of the school lunch program for your school district. Last month, the schools in your district served 28,000 free lunches, 18,000 "reduced-price" lunc and 53,000 regular-priced lunches. (a) Calculate the amount of reimbursement (in $) you expect to receive from the NSLP for last month, (b) In addition to the lunch reimbursement, the NSLP program pays your district $.035 per one-half pint of milk served with each meal. If each student averaged 1 one-half pint of milk per meal, calculate the total amount of milk reimbursement (in $) you expect for last month. %24 (c) The Bottom Line-What is the total amount of reimbursement (in $) your district will receive for last month? %24
MY NOTES ASK YOUR TEACH According to the Food and Nutrition Service of the U.S. Department of Agriculture, in one school year the National School Lunch Program (NSLP) served 31.2 million school lunches. Of these, 16.1 million were free lunches, 3.2 million were reduced price lunches, and 11.9 million were full price lunches. The federal govermment reimburses school districts $2.68 for each free lunch, $2.28 for each reduced-price lunch, and $0.25 for each paid lunch. In addition to cash reimbursements, schools are entitled to receive USDA foods called "entitlement" foods at a value of 19.50 cents for each lunch served. You are the administrator in charge of the school lunch program for your school district. Last month, the schools in your district served 28,000 free lunches, 18,000 "reduced-price" lunc and 53,000 regular-priced lunches. (a) Calculate the amount of reimbursement (in $) you expect to receive from the NSLP for last month, (b) In addition to the lunch reimbursement, the NSLP program pays your district $.035 per one-half pint of milk served with each meal. If each student averaged 1 one-half pint of milk per meal, calculate the total amount of milk reimbursement (in $) you expect for last month. %24 (c) The Bottom Line-What is the total amount of reimbursement (in $) your district will receive for last month? %24
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter6: Statistical Inference
Section: Chapter Questions
Problem 33P
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning