Problem
The director of a nonprofit foundation that sponsors 8-week summer institutes for graduate students analyzed the costs and expected revenues for the next summer institute and recommended that the session be canceled. In her analysis she included a share of the foundation's overhead-the salaries of the director and staff and costs of maintaining the office-to the program. She estimated costs and revenues as follows: Projected revenues (from tuition and fees) $300,000 Projected costs Overhead $ 50,000 Room and board for students $100,000 Costs for faculty and miscellaneous $175,000 Total costs $325,000. What was the error in the director's recommendation?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.