20240020780. EDUCATION MANAGEMENT METHOD AND SYSTEM simplified abstract (Unknown Organization)
Contents
EDUCATION MANAGEMENT METHOD AND SYSTEM
Organization Name
Inventor(s)
Mariana Godinez of Miami FL (US)
EDUCATION MANAGEMENT METHOD AND SYSTEM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240020780 titled 'EDUCATION MANAGEMENT METHOD AND SYSTEM
Simplified Explanation
The method for education management described in the patent application involves creating a business entity that provides educational services to the children of employees within a commercial space owned or leased by the company. The method includes storing internal data values in a connected database and using a program to read external data values from third-party data providers. The program also calculates the total monthly cost of base educational services and fair market value for monthly rent for the commercial space. The company is then invoiced for the educational services, with the invoice amount reduced by the fair market value. The monthly tuition charge per child is determined using a formula based on the total cost, base educational services, fair market value, and total number of children.
- The method involves creating a business entity to provide educational services to employees' children within a company-owned or leased commercial space.
- Internal data values are stored in a connected database, and external data values are read from third-party data providers.
- The program calculates the total monthly cost of base educational services and fair market value for monthly rent.
- The company is invoiced for the educational services, with the invoice amount reduced by the fair market value.
- The monthly tuition charge per child is determined using a formula based on the total cost, base educational services, fair market value, and total number of children.
Potential applications of this technology:
- This method can be applied in companies that want to provide educational services to their employees' children.
- It can be used by educational institutions to manage and invoice for services provided within commercial spaces.
- This technology can be utilized by companies that want to offer educational benefits as part of their employee benefits package.
Problems solved by this technology:
- This method solves the problem of managing and invoicing for educational services provided to employees' children within a company setting.
- It streamlines the process of calculating the total cost of educational services and fair market value for rent.
- The method provides a formula for determining the monthly tuition charge per child based on various factors.
Benefits of this technology:
- Companies can offer educational services to their employees' children, enhancing their employee benefits package.
- The method simplifies the management and invoicing process for educational services.
- It allows for the calculation of fair market value for rent, ensuring transparency in cost calculations.
Original Abstract Submitted
the method for education management comprises creating a business entity for providing educational services to children of employees of a company, wherein the business entity occupies a commercial space that is owned or leased by the company and provides educational services to the children of the employees within the commercial space, storing internal data values in a connected database, and executing a program configured for reading external data values from third party data providers, reading the internal data values from the connected database, calculating a total monthly cost of base educational services (cbs) and fair market value (r) for monthly rent for the commercial space and invoicing the company for said educational services, wherein an amount of said invoice is reduced by r, wherein the monthly tuition charge per child for the educational services (t) is based on the formula: t=a cbs−b r/total+p
