Malik Tours is a company that specializes in tour packages throughout North America. It has recently been
Question:
Malik Tours is a company that specializes in tour packages throughout North America. It has recently been offering weekly tour packages which include return flights from Toronto to Vancouver. A contract with Western Canada Air Travel was made for $1,XXX,XXX to use their 200-seat aircrafts for a period of 10 weeks, which are always sold to full capacity. A hotel located 20 km outside of Vancouver was contracted at $150 per room, per night, based on double occupancy, plus a service charge of $6.50 per person per night. Clients would be required to pay an additional $180 in air taxes and $50 for airport transfers. Taxes are additional for all the rates.
Calculate the following, before taxes:
Cost per airplane seat for the company?
Hotel cost per person for the company?
Total base cost per person for the company?
Price per client, if the tour company has a profit margin of 35%.
Quoted price to clients (include TGSC separately)?
In which Canadian province is Vancouver situated?
Note: XXX,XXX denotes the last 6 digits of your Seneca student number996215
Intermediate Accounting Volume 1
ISBN: 9781260306743
7th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick