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bernie2981 bernie2981
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Posts: 3810
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8 years ago
Philadelphia Swim Club is planning for the coming year. Investors would like to earn a 10% return on the company's $30 million of assets. The company primarily incurs fixed costs to maintain the swimming pools. Fixed costs are projected to be $12,500,000 for the year. About 500,000 members are expected to swim each year. Variable costs are about $10 per swimmer. Philadelphia Swim Club is a price-taker and won't be able to charge more than its competitors who charge $37.00 per hour of court time. What profit will it earn as a percent of assets?
A) Loss of 3.33%
B) Profit of 36.67%
C) Loss of 58.17%
D) Profit of 3.33%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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#3
4 years ago
thank you
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#4
4 years ago
thank you!
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#5
3 years ago
Thanks
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#6
3 years ago
thank you>>>
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