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Philadelphia Swim Club is planning for the coming year. Investors would like to earn a...

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Accounting

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Philadelphia Swim Club is planning for the coming year. Investors would like to earn a 10% return on the company's $40,000,000 of assets. The company primarily incurs fixed costs to maintain the swimming pool. Fixed costs are projected to be $12,900,000 for the year. About 510,000 members are expected to swim each year. Variable costs are about $10.00 per swimmer. The Philadelphia Swim Club has a favorable reputation in the area and therefore, has some control over the membershi price. Using a cost - plus approach, what price should Philadelphia Swim Club charge for a membership? OA $43.14 B. $27.45 OC. $7.84 OD. $35.29 1

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