Choose the One Alternative That Best Completes the Statement or Answers

question 170

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A summer camp wants to hire counselors and aides to fill its staffing needs at minimum cost. The average monthly salary of a counselor is $2400 and the average monthly salary of an aide is $1100. The camp can
Accommodate up to 45 staff members and needs at least 30 to run properly. They must have at least 10 aides,
And may have up to 3 aides for every 2 counselors. How many counselors and how many aides should the
Camp hire to minimize cost?

• A) 35 counselors and 10 aides
• B) 12 counselors and 18 aides
• C) 27 counselors and 18 aides
• D) 18 counselors and 12 aides

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Definitions:

Operating Income

The amount of profit realized from a business's operations after deducting operating expenses like wages, depreciation, and cost of goods sold.

Invested Assets

Items acquired or bought with the intention of earning income or profit.

Profit Margin

A financial metric displaying the percentage of revenue that remains as profit after all expenses have been deducted.

Operating Expenses

Costs related to the day-to-day operations of a business, excluding the cost of goods sold, such as rent, utilities, and payroll.