he problem is attached herewith.;Description Amount;Airfare $1,500;Hotel accommodations 1,000;Meals 300;Ground transportation 600;Park tickets and other costs 200;Total $3,600;Annual fixed costs $480,000;Wildlife Escapes generates average revenue of $4,000 per person on its five-day tours of top wildlife parks in Kenya. The variable costs per person are;1. Calculate the number of package tours that must be sold to break even.;2. Calculate the revenue needed to earn a target operating income of $100,000.;3. If fixed costs increased by $24,000, what decrease in variable cost per person must be achieved to maintain the breakeven point in requirement 1?
Paper#25363 | Written in 18-Jul-2015Price : $22