Question
You are part of a group of owners who wish to invest money into a new tour business. Use the information below to calculate the
You are part of a group of owners who wish to invest money into a new tour business. Use the information below to calculate the required information asked of you for this question, using the Bottom-Up Pricing method.
*Note*
Only find the answer to the single question being asked of you in this question; do not complete all the Bottom-Up Pricing steps. Previous steps information is provided below to assist you.
Calculate the Pre-Tax Profit required to meet the owners desired rate of return. Round to the nearest dollar.
I need a problem-solving process
| Owners Desired Rate of Return | $94697 |
| New Equipment Value | $173969 |
| Loan Amount | $181101 |
| Interest Rate % | 10% |
| Income Tax Rate % | 25% |
| Insurance Expense | $195786 |
| Fixed Wages | $148410 |
| Depreciation Rate % | 9% |
| Food Cost % | 15% |
| Variable Wage % | 17% |
| Other Variable Expenses % | 13% |
| Maximum # of Tour Guests per Tour | 36 |
| Average Occupancy % of Tours | 70% |
| # of Tours per month | 14 |
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The Social Audit Consumer Handbook A Guide To The Social Responsibilities Of Business To The Consumer
Authors: Charles Medawar
1978th Edition
0333216660, 978-0333216668
