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Cody and his wife are planning an upcoming vacation (their first vacation in years). They would like to take a week (7 days) off and

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Cody and his wife are planning an upcoming vacation (their first vacation in years). They would like to take a week (7 days) off and are considering taking their vacation in either the first week in March (during Cody's peak business season) or during the second week in July (during Cody's off-peak business season). How much business and personal income would Cody expect to sacrifice if he and his wife schedule their trip for March? How much business and personal income would Cody expect to sacrifice if he and his wife schedule their trip for July? (Hint: prepare a contribution-margin income statement segmented by trips made during the peak season and trips made during the off-peak season; consider both business and tip income)

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