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Simora [160]
3 years ago
15

Thornton Camps, Inc. leases the land on which it builds camp sites. Thornton is considering opening a new site on land that requ

ires $3,300 of rental payment per month. The variable cost of providing service is expected to be $5 per camper. The following chart shows the number of campers Thornton expects for the first year of operation of the new Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total 390 380 390 410 730 650 790 800 490 520 590 460 6,600 Required Assuming that Thornton wants to earn $9 per camper, determine the price it should charge for a camp site in February and August.
Business
1 answer:
Alona [7]3 years ago
4 0

Answer:

$20.

Explanation:

So, we have the following important data or parameters the are going to help us or assist us in solving this particular Question or problem.

(1). Total number of customers served campers = 6600.

(2). Rental payment per month = $3,300.

(3). Total number of months = 12 months( that is January to December).

(4). "The variable cost of providing service is expected to be $5 per camper"

So, let us delve right into the solution of the question.

Step one: determine the fixed cost per unit. The fixed cost per unit can be determined by following the formula below;

Fixed cost per unit = (rental payment pee month × number of months) ÷ total number of campers.

Thus, the fixed cost per unit = $3,300 × 12) ÷ 6,600.

The fixed cost per unit = 6.

STEP TWO: The next thing to do now is to determine the price it should charge for a camp site in February and August.

Kindly note that this the price that it should charge for a camp site in February and August are going to be the same.

Therefore, the price it should charge for a camp site in February and August = $6 + $5 + $9 = $20.

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Answer:

$9,097

Explanation:

Net cash flow from operating activities = + $47,042

Net cash flow from investing activities = -  $21,831

Net cash flow from financing activities = -  $28,397

Net cash flows for the period                =  - $3,186

Beginning cash account balance          =   $12,283

Net cash flows for the period                =  - $3,186

Ending cash balance                             =    $9,097

5 0
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4 years ago
Assume the nation of Teeveeland does not trade with the rest of the world. By comparing the world price of televisions to the pr
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Answer:

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Explanation:

If Teeveeland has a comparative advantage in producing televisions, then the price of televisions in Teeveeland should be cheaper than the world price. The world price is the average price of a good traded in international markets, in this case televisions.

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4 years ago
A tax on the buyers of coffee will a. decrease the price of coffee paid by buyers, increase the net price of coffee received by
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Answer:

d. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Explanation:

A tax is an amount levied by the government on a good or service.

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A tax would reduce the quantity demanded and supplied, so equilibrium quantity would fall

I hope my answer helps you

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