Ross Recreations Company. LLC operates a summer camp in Monterey. Tennessee. The
ID: 2323062 • Letter: R
Question
Ross Recreations Company. LLC operates a summer camp in Monterey. Tennessee. The cost data for a 12-week summer camp are at follows. Charge per camper = $400/week Variable cost per camper = $220/week Fixed costs = $240, 000 per summer season Capacity per week = 200 campers Determine the total number of campers to breakeven for the season. the profit if the camp is operated at 90% capacity. Paul invested $10, 000 at time in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20.000 in another guaranteed fund at 4 1/2 % return. After 20 years since the first investment, how in total he will have?Explanation / Answer
Problem 4 solution Future Value of 10000 after 20 Years = 10000*(1+.05)^20 = 26533
+
Future Value of 20000 after 20 Years = 20000*(1+.045)^15 = 38706
Total = 26533 + 38706 = $65239
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.