the three pictures are from the same exercise, i will need explanation step by step
Forever Snowies 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 2. Assume Forever Snowios has found ways to cut its fixed costs to $27,500,000. What is its new target variable cost per sker snowboarder? Complete the following table to calculate Forever Snowies new target variable cont per customer. (Round your final answer to the nearest cont.) Revenue at market price Less: Desired profit Target full cost Lens: Reduced level of fixed costs Target total variable costs Divided by number of skiers/snowboarders Turnt variable rost narsiarennwarrier - X Requirements bwboar 1. If Forever Snowies cannot reduce its costs, what profit will it eam? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? 2. Assume Forever Snowies has found ways to cut its fixed costs to $27,500,000. What is its new target variable cost per skier/snowboarder? Print Done t ner skieri ennwhoarder - X More Info Investors would like to earn a 10% return on investment on the company's $260,900,000 of assets. Forever Snowies projects fixed costs to be $30,000,000 for the ski season. The resort serves about 710,000 skiers and snowboarders each season. Variable costs are about $10 per guest. Last year, due to its favorable reputation, Forever Snowies 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 Forever Snowies' reputation has diminished and other resorts in the vicinity are charging only $84 per lift ticket. Forever Snowies has become a price-taker and will not be able to charge more than its competitors. At the market price, Forever Snowies managers believe they will still serve 710,000 skiers and snowboarders each season ce 5 er kil Print Done did