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Yoga, Spa, and Swim Club is planning for the coming year. Investors would like to eam a 10% return on the company's $37,000,000 of
Yoga, Spa, and Swim Club is planning for the coming year. Investors would like to eam a 10% return on the company's $37,000,000 of assets. The company primarily incurs fixed costs to maintain the swimming pool. Fixed costs are projected to be $12,800,000 for the year. About 500,000 members are expected to swim each year, Variable costs are about $11 per swimmer. The club has a favorable reputation in the area and therefore, has some control over the membership price. Using a cost-plus approach, what price should club charge for a membership? (Round the final answer to the nearest cent) OA. $29.20 OB. $36.601 OC. $7.40 OD. $44.00
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