Solve the Problem $\$ 2400$ And the Average Monthly Salary of an Aide Is

question 136

Multiple Choice

Solve the problem.
-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 35 staff members and needs at least 20 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) 13 counselors and 16 aides
• B) 8 counselors and 12 aides
• C) 19 counselors and 23 aides
• D) 13 counselors and 17 aides

---

Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay debt.

Accounting Period

A specific period of time for which financial information is reported, typically a fiscal year or quarter.

Expense Accounts

Accounts in the general ledger representing the various costs incurred by a company in the course of its operations, excluding product cost.