HELPPPP ASAP PLEASE

QUESTION 2

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 Revenue required to meet the owners desired rate of return. Round to the nearest dollar.

Gross Profit	$214549
New Equipment Value	$176185
Loan Amount	$181246
Interest Rate %	11%
Food Cost %	24%
Variable Wage %	21%
Other Variable Expenses %	11%
Maximum # of Tour Guests per Tour	30
Average Occupancy % of Tours	91%
# of Tours per month	20