This problem contains three parts. In Part A, you are asked to determine the parameters of the profit function - the contribution margin and the fixed costs. You should not move on to Parts B and C until you get Part A correct, or until you use up all of your tries. The correct profit function parameters will be given to you after you have completed Part A - you should use these parameters in Parts B and C. The problem is worth 20 points. Parts A and B are worth eight points each; Part C is worth four points. To get the eight points for Part A, you must answer both questions correctly; to get the eight points for Part B, you must answer all four questions correctly. You get eight tries on Part A, eight on Part B, and four on Part C. CableVision has been approached by the City of Mirada to run its cable operations in 2023. After negotiating with key parties, CableVision has made the following agreements: It will offer Mirada residents a basic set of 25 cable television stations at a rate of $49.50 per month. . It will pay the city $1,000,000 per year plus $4.88 per cable subscriber per month to maintain the physical facilities. . It will pay another company a monthly fixed fee of $60,000 plus $8.50 per cable subscriber per month to broadcast the 25 channels. CableVision estimates that operating costs for billing, program news mailings, etc. will be $125,000 per month plus 9% of monthly revenue. CableVision has several questions about its monthly revenues, costs, and profits in 2023. REQUIRED [ROUND YOUR ANSWER TO PART A, QUESTION 1 TO THE NEAREST CENT; ROUND ALL OTHER ANSWERS TO THE NEAREST UNIT OR NEAREST DOLLAR.] Part A (8 tries; 8 points). 1. What is the estimated monthy contribution margin per cable subscriber for CableVision in 2023? $31.66 correct 2. What are the estimated total monthly fixed costs for CableVision in 2023? $268,333 correct You are correct. Your receipt no. is 154-2409 Previous Tries Your answers are correct, but just to make sure that there are no rounding issues, use $31.66 for the estimated contribution margin per subscriber and $268,333 for the estimated monthly fixed costs in Parts B and C. Part B (8 tries; 8 points). 1. What is CableVision's estimated monthly operating income in 2023 if 20,000 residents subscribe? $364,867 correct 2. How many monthly subscribers would be required for CableVision to break even in 2023? 8,475 correct 3. Assuming a tax rate of 31%, how many monthly subscribers would be required for CableVision to earn $365,000 per month in 2023? 25,184 correct You are correct. Your receipt no. is 154-1435 ? Part C (4 tries; 4 points). Previous Tries Some of CableVision's managers are uncertain about their estimate of monthly fixed operating costs. Assuming that 20,000 residents subscribe, how large can monthly fixed operating costs be for CableVision to still earn $240,000 per month in 2023 (ignore taxes)? 292700 Submit Answer Incorrect. Tries 1/4 Previous Tries