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Requirement 2. Assume Mountain Points has found ways to cut its fixed costs to $30,000,000. What is its new target variable cost per skier/snowboarder? Complete

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Requirement 2. Assume Mountain Points has found ways to cut its fixed costs to $30,000,000. What is its new target variable cost per skier/snowboarder? Complete the following table to calculate Mountain Points' new target variable cost per customer. (Round your final answer to the nearest cent.) Complete the following table to calculate Mountain Points' projected income. (Round the percentage to the nearest hundredth percent, .%. ) Mountain Points's projecled operating income (peofit) as a percent of assets amounts to \%. Will investors be happy with this profi level? More info Investors would like to earn a 10% return on investment on the company's $270,000,000 of assets. Mountain Points projects fixed costs to be $31,000,000 for the ski season. The resort serves about 725,000 skiers and snowboarders each season. Variable costs are about $10 per guest. Last year, due to its favorable reputation, Mountain Points 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 Points' reputation has diminished and other resorts in the vicinity are charging only $85 per lift ticket. Mountain Points has become a price-taker and will not be able to charge more than its competitors. At the market price, Mountain Points managers believe they will still serve 725,000 skiers and snowboarders each season. Mountain Points operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Click the icon to view the information.) Read the reguirements

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