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This problem contains three parts. In Part A, you are asked to determine the parameters of the profit function-the contribution margin and the fixed costs.You should not move on to Parts B and C until you get Part A correct, or until you use up all of your tries. The correct profit function parameters will be glven to you after you have completed Part A-you should use these parameters in Parts B and C The problem Is worth 20 points. Parts A and B are worth eight polints each; Part C is worth four points. To get the eight points for Part A, you must answer both questlons correctly; to get the eight points for Part B, you must answer all four questions correctly. You get six tries on Part A, eight on Part B, and four on Part C. Charleston Carriage Company offers guided horse-drawn carriage rides through historic Charleston, South Carolina. The carriage business is highly regulated by the city. The fare for all passengers is $20.50. Charleston Carriage has the following monthily operating costs: Fee paid to the city of Charleston Cost of souvenir set of postcards given to each passenger Monthly cost of leasing and boarding the horses Carriage drivers (tour guides) are paid on a per-passenger basis 15% of ticket revenue $0.50 per set $48,000 $2.80 per passenger $7,500 $7,500 Monthly paryrol coatsof on tour ue employees Marketing, web-site, telephone, and other monthly fixed costs In addition to these costs, dhareston Carriage pays a brokerage fee of $0.90 per ticket sold by brokers. On nerage, 65%, oftekets are issued through these brokers 35% are sold directly by Charleston Carriage Charleston Carriage has several questions about its monthly revenues, costs, and profits in 2018. SWER TO PART A, QUESTION 1 TO THE NEAREST CENT; ROUND ALL OTHER ANSWERS TO THE NEAREST UNIT OR NEAREST DOLLAR.] REQUIRED [ROUND YOUR ANS Part A (6 tries; 8 points) 1. What is the estimated monthly contribution margin per passenger for Charleston Carriage in 20187 2. What are the estimated total monthly fixed costs for Charleston Carriage in 20187 Subit Anewer Tries 0/6 Part B (8 tries: 8 points) 3. What is Charleston Carriage's estimated monthly operating income itn 4. How many monthly s. Carniage's estimated monthly operating income in 2018 i the number of monthy passengers is 8,600 required for Charleston Carriage to break even in 20187 r Carriage to earm $116,000 per month in 2018 passengers would be 5. How many monthly passengers would be required for Charleston 6, Assuming a tax rate of 35%, what must revenue be in order for Charleston Carriage to earn S11