Skiable Acres operates a Rocky Mountain ski rosort The company is placining is ia ticket pricing for the corring ski zeason (i. (Click the icon to vied the information) Read the requiements. Win investoes be happy with this prolt level? No because the expected profe level does not meet the investors' target retum on assets. Requirement 2. Assume Sblable Acres has found ways to cut as fixed costs to $30,000,000. What is its new tarjet variablo cost per sklet/snowboarder? Complete the folowing table in calculate Sklable Acres new tarpet variable cost per oustomer (Round your finat answer to the nearest cent) Requirements 1. If Skablo Acres cannot teduce its costs, what proft will it earn? State your answer in dollan and as a percent of assets. Wal investors be happy with the profit level? 2. Assume Skiable Acres has found ways to cut its fixed costs to $30,000,000. What is its new target yariable cost per skber/anowboarde? Skieble Acres operates a Rocky Mountain ski resort. The company is planning its fift ticket pricing for the coming ski season (Click the icon to view the information.) Read the Will investors be happy with this profit level? No, because the expected profit level does not meet the investors' target return on assets Requirement 2. Assume Skiable Acres has found ways to cut its foxed costs to $30,000,000 What is its new target variable cost per skier/snowboarder? Complete the following table to calculate Skiable Acres' new target varlable cost per customer. (Round your final answer to the nearest cent.) Skiable Acres operates a Rocky Mountain ski resort The company is planning its lit ticket pricing for the coming ski season (1) (Click the icon to view the information.) Read the requirements Will investors be happy with this profit level? No, because the expected profit level does not meet the investors' target return on assets. Requirement 2. Assume Skiable Acres has found ways to cut its foxed costs to $30,000,000. What is its new target variable cost per skier/snowboarder? Complete the following table to calculate Skiable Acres' new target variable cost per customer. (Round your final answer to the nearest cent) Requirements 1. If Skiable Acres 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 Skiable Acres has found ways to cut its fixed costs to $30,000,000. What is its new target variable cost per skier/snowboarder? 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 $3 more per lift ticket than its competitors without a reduction in the number of customers it received. Assume that Skiable Acres' reputation has diminished and other resorts in the vicinity are charging only $85 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
