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please help! Mountain Point operates a Rocky Mountain ski resort. The comparny is planning its lift ticket pricing for the coming aki season. View the

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Mountain Point operates a Rocky Mountain ski resort. The comparny is planning its lift ticket pricing for the coming aki season. View the information, Read the requirements Requirement 1. If Mountain Point cannot reduce its costs, What peofit will it earn? State your answer in dollars and as a percent of assets. Wial investors be happy with ithe profit ieveli Complele the following table to calculate Mountain Points projected income. Information Investors would like to earn a 15% return on investment on the company's $165,000,000 of assets. The company primarily incurs fixed costs to groom the runs and operate the lifts. Mountain Point projects fixed costs to be $36,000,000 for the ski season. The resort serves about 750,000 skiers and snowboarders each season. Variable costs are about $13 per guest. Last year, due to its favorable reputation, Mountain Point was a price-setter and was able to charge $5 more per lift ticket than its competitors without a reduction in the number of customers it received. Assume that Mountain Point's reputation has diminished and other resorts in the vicinity are charging only $89 per lift ticket. Mountain Point has become a price-taker and will not be able to charge more than its competitors. At the market price, Mountain Point managers believe they will still serve 750,000 skiers and snowboarders each season. Requirements 1. If Mountain Point cannot reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? 2. Assume Mountain Point has found ways to cut its fixed costs to $34,500,000. What is its new target variable cost per skier/snowboarder

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