enough sales to be able to grow their business year after year. Answer the follo
ID: 2568483 • Letter: E
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enough sales to be able to grow their business year after year. Answer the following questions and explain if the programs are profitable and how much money they have in profit or loss (debt) at the end of the year. (20 marks in total) a) The company runs 3 camps per day, 5 days a week for 6 weeks in the summer. The cost to run each camp is $450 for ice time, $225 for assistant coaches, and $600 for professional coaches and $150 for snacks and juices each day of the camp. As well, each camp has a one-time expense per week of $3000 for the players Xtreme branded jerseys, hockey socks, water bottle and tracksut, there are 34 players on the ice Per camp, how much does each weekly camp cost to run? Show your work. (5 marks) b) What is the minimum camp price they will need to charge to pay the expenses for each weekly camp? Show your work. (5 marks If the cost per player to register for a weekly camp is S650 and the camps are 100% fa, what is the profit or loss (debt) at the end of the 6 weeks of hockey camps? Show your c) work. (5 marks) d) Do you think hockey camps are a good product/service to sell for a business? Explain why or why not. (S marks 3iPase EP1131 Fall 2017 AssignmentExplanation / Answer
COST per day A Ice time $450 B Assistant coach $225 C Professional coach $600 D Sancks and juices $150 E=A+B+C+D Total cost per day $1,425 F Number of days of camps per week 5 G=E*F Cost per week for each camp $7,125 H Additional one time expense per week $3,000 a. I=G+H Total expense of each camp per week $ 10,125 b. Minimum price(10125/34) per person $298 c Revenue per player $650 Profit per person (650-298) $352 Total profit per camp per week(100% full) $11,975 (34*352) Profit per week from 3 camps(3*11975) $35,925 Profit at the end of 6 weeks=(6*35925) $215,550 d) Year it is a good product from point of view of profitability Profit margin=(650/298)-1= 118%
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