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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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