Skiable Acres 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 requirements Requirement 1. If Sklable Acres cannot reduce its costs, what proft will it earn? State your answer in dollars and as a percent of assets. Will investors be happy with the profit low Complete the following table to calculate Skiable Acres's projected income. Revenue at market price Loss: Total costs Operating income (Round the percentage to the nearest hundredth percent, XXX%) Skiable Acros's projected operating income (proft) as a percent of assets amounts to Wil investors be happy with this profit level? Requirement 2. Assume Skiable Acres has found ways to cut its fixed costs to $28,500,000. What is its new target variable cost per sker/snowboarder? Complete the following table to calculate Skiable Acres's new target variable cost per customer. (Round your final answer to the nearest cont) Revenue at market price Less Desired profit Targu lul cost Less Reduced level of fixed costs Targo total variable costs Divided by number of skiers/snowboarders Enter any number in the edit fields and then continue to the next question Skiable Acres operates a Rocky Mountain ski resort. The company is planning its in ticket pricing for the coming ski season. Click the icon to view the information.) Read the requirements Requirement 1. Skiable Acres cannot reduce its costs, what profit wil it eam? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? Complete the following table to calculate Skiable Acres's projected income. Revenue at market price Less: Total costs Operating income (Round the percentage to the nearest hundredth percent, X.XX%) Skiable Acres's projected operating income (profit) as a percent of assets amounts to Will investors be happy with this profit level? % Will investors be happy with this profit level? Requirement 2. Assume Skiable Acres has found ways to cut its fixed costs to $28,500,000. What is its new target variable cost per sker/snowboarder? Complete the following table to calculate Skiable Acres's new target variable cost per customer. (Round your final answer to the nearest cent.) Revenue at market price Loss: Desired profit Target full cost Less: Reduced level of floved costs Target total variable costs Divided by number of skiers / snowboarders Target variable cost per sker i snowboarder Enter any number in the edit fields and then continue to the next question ki season. - X i More Info Investors would like to earn a 10% return on investment on the company's $270,000,000 of assets. Skiable Acres 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 $8 per guest. Last year, due to its favorable reputation, Skiable Acres 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 Skiable Acres's reputation has diminished and other resorts in the vicinity are charging only $83 per lift ticket. Skiable Acres has become a price-taker and will not be able to charge more than its competitors. At the market price, Skiable Acres managers believe they will still serve 725,000 skiers and snowboarders each season. Print Done Tinal answer to the nearest cent.)
