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Question 6 and 7 please Charleston Carriage Company offers guided horse- drawn carriage rides through historic Charleston, South Carolina. The carriage business is highly regulated

image text in transcribedimage text in transcribedQuestion 6 and 7 please

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 $18.50 Charleston Carriage has the following monthly operating costs Fee paid to the city of Charleston 14% of ticket revenue Cost of souvenir set of postcards$0.40 per given to each passenger Monthly cost of leasing and boarding the horses $49,000 Carriage drivers (tour guides) are $3.00 per paid on a per- passenger basis passenger Monthly payroll costs of non tour guide employees $8,500 Marketing, web- site, telephone, and other monthly fixed costs $8,000 In addition to these costs, Charleston Carriage pays a brokerage fee of $1.00 per ticket sold by brokers. On average, 60% of tickets are issued through these brokers; 40% are sold directly by Charleston Carriage Charleston Carriage has several questions about its monthly revenues, costs, and profits in 2018 REQUIRED [ROUND YOUR ANSWER TO PART A, QUESTION 1 TO THE NEAREST CENT; ROUND ALL OTHER ANSWERS TO THE NEAREST UNIT OR NEAREST DOLLAR.] Part A (6 tries; 8 points) 1. What is the estimated monthly contribution margin per passenger for Charleston Carriage in 2018? 11.9100 2. What are the estimated total monthly fixed costs for Charleston Carriage in 2018? 65500 You are correct. Your receipt no. is 154-7575

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