Question
HELP ASAP PLEASE QUESTION 5 You are part of a group of owners who wish to invest money into a new tour business. Use the
HELP ASAP PLEASE
QUESTION 5
You are part of a group of owners who wish to invest money into a new tour business. Use the information below to calculate the required information asked of you for this question, using the Bottom-Up Pricing method.
*Note*
Only find the answer to the single question being asked of you in this question; do not complete all the Bottom-Up Pricing steps. Previous steps information is provided below to assist you.
Calculate the estimated total variable costs of the business. Round to the nearest dollar.
| Revenue | $257769 |
| New Equipment Value | $162619 |
| Loan Amount | $157433 |
| Interest Rate % | 10% |
| Food Cost % | 22% |
| Variable Wage % | 13% |
| Other Variable Expenses % | 23% |
| Maximum # of Tour Guests per Tour | 10 |
| Average Occupancy % of Tours | 91% |
| # of Tours per month | 13 |
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