Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Ice arena is open from 6 am to 2 am from Oct. 1 through April 30 (Winter Season). Other times it is open

image text in transcribed

The Ice arena is open from 6 am to 2 am from Oct. 1 through April 30 (Winter Season). Other times it is open from 9 am to 10 pm. We will staff ONLY for the Winter Season. The facility has: One regulation ice hockey rink, one practice rink (1/2 size), pro shop, snack bar, locker rooms, (men and women), skate rental (run by the pro shop). Full size rink schedule: 6-8 am ice rental, 8-11 am adult leagues, 11 am-1 pm open skate, 1-3 pm adult lessons, 3-5 pm ice hockey instruction, 5-9 pm games, 9 pm- 2 am ice rental. Half size rink schedule: 6-8 am figure skating practice, 8-11 am adult lessons, 11 am-1 pm closed, 1-3 pm figure skating, 3-5 pm figure skating instruction, 5-9 pm warm up for games, and lastly 9 pm 2 am Ice rental. Costs Rink manager (1) 6 am to 10 am and 3 pm- 10 pm - $32.00 per hour. Rink supervisor 1 on duty at all times - $23.50 per hour. Snack bar attendant (2) 3 pm-10 pm - $6.75 per hour. Maintenance (1) 6 am 10 pm- $21.75 per hour. Custodian (1) 10 am- 7 pm and 9 pm - 5 am- $18.50 per hour. Instructors Ice hockey (4) $12.00 per hour. Figure skating (4) 2 @ $35.00 per hour (365 hours); 2 @ $30.00 per hour (315 hours). Adult instructors (2) - $20.00 per hour. Officials 2 per game. Each game lasts 1 hour @ $20.00 per hour. Questions: How much does it cost to staff this rink?, Add a 10% contingency fee. Now how much does it cost? If a large company wants to subsidize this rink at 45%, then how much will it cost you to staff this rink?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance for Executives Managing for Value Creation

Authors: Gabriel Hawawini, Claude Viallet

4th edition

9781133169949, 538751347, 978-0538751346

More Books

Students also viewed these Finance questions

Question

=+e) Interpret the meaning of the results and state a conclusion.

Answered: 1 week ago