2- A privately owned summer camp for youngsters has the following data for a 12-week session: 15 Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Сарасity 200 campers (a) Develop the mathematical relationships for total cost and total revenue. (b) What is the total number of campers that will allow the camp to just break even? (c) What is the profit or loss for the 12-week session if the camp operates at 80% capacity? (d) What are marginal and average costs per camper at 80% capacity? (e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points con for such a policy. (F) Also Dray a Cost curve g raph thut Plots numor, Visscas of vessas Cost aw Viisus Attendaes Revenue, and 1. Indetify the breenk even Point
2- A privately owned summer camp for youngsters has the following data for a 12-week session: 15 Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Сарасity 200 campers (a) Develop the mathematical relationships for total cost and total revenue. (b) What is the total number of campers that will allow the camp to just break even? (c) What is the profit or loss for the 12-week session if the camp operates at 80% capacity? (d) What are marginal and average costs per camper at 80% capacity? (e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points con for such a policy. (F) Also Dray a Cost curve g raph thut Plots numor, Visscas of vessas Cost aw Viisus Attendaes Revenue, and 1. Indetify the breenk even Point
Chapter1: Financial Statements And Business Decisions
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Step 1 Introduction
VIEWStep 2 a) The mathematical relationship of the total cost and revenue
VIEWStep 3 b) Computation of the break even campers
VIEWStep 4 b) Answer
VIEWStep 5 c) Computation of profit and loss at 80% capacity
VIEWStep 6 c) Answer
VIEWStep 7 d) Computation of the marginal cost and average cost at 160 Campers
VIEWStep 8 Answer
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