resort had such a favorable reputation among skiers and snowboarders that it had some control over the lift ticket prices.

market price, Snow Paradise's managers believe they will still serve $830,000$ skiers and snowboarders each season.

Read the requirements.

If Snow Paradise can't 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? Show your analysis.

Complete the following table to calculate Snow Paradise's projected income and excess profit or shortfall. $($Use parentheses or a minus sign to show a profit shortfall.$)$

Revenue at market price

Less: Total costs

Operating income

Compared to the desired operating income of

Expected excess profit $($profit shortfall$)$