Rosemont Tennis is planning for the coming year. Investors would like to earn a 13% return on the company's $23245058 million of assets. The company primarily incurs fixed costs to maintain the tennis courts. Fixed costs are projected to be $10755370 for the year. About 500,000 court time hours are expected to be played each year. Variable costs are about $5 per hour of court time. The Rosemont Country Club and Tennis Courts has a favorable reputation in the area and therefore, has some control over the price per hour of court time. Using a cost-plus approach, what price should Rosemont Tennis charge for an hour of court time?
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Home » Business » Rosemont Tennis is planning for the coming year. Investors would like to earn a 13% return on the company's $23245058 million of assets. The company primarily incurs fixed costs to maintain the tennis courts.