Gofer and Goose Castle Amusement Park operates an amusement park in Central Florida. The company is...
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Gofer and Goose Castle Amusement Park operates an amusement park in Central Florida. The company is trying to set the rate of admission for the upcoming busy season. New ownership of the park has done a tremendous job with the park and as a result, the park is now the premier park in Central Florida and has a great deal of control over the price it charges for admission. Desired Return on Assets Total Assets Projected Number of Guests Projected Fixed Expenses Projected Variable Costs Per Guest 5.2% $7,003,918 19,325 $914,146 $7 Based on the information above, how much should the Gofer and Goose Castle park set for the price of an admission ticket? Round your answer to the nearest whole dollar. Gofer and Goose Castle Amusement Park operates an amusement park in Central Florida. The company is trying to set the rate of admission for the upcoming busy season. New ownership of the park has done a tremendous job with the park and as a result, the park is now the premier park in Central Florida and has a great deal of control over the price it charges for admission. Desired Return on Assets Total Assets Projected Number of Guests Projected Fixed Expenses Projected Variable Costs Per Guest 5.2% $7,003,918 19,325 $914,146 $7 Based on the information above, how much should the Gofer and Goose Castle park set for the price of an admission ticket? Round your answer to the nearest whole dollar.
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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