Tulip Company Is a Tulip Bulb Distributor

Essay

Tulip Company is a tulip bulb distributor. Every year, Tulip Company plants an outdoor show garden where visitors can see all the varieties of tulips. The garden is open only during the month of April. The original cost to design and landscape the tulip garden is $300,000. Five employees work each day the garden is open. Each employee is paid hourly at a rate of $10 per hour and works for 8 hours each day. Tulip Company pays annual expenses of $1,000 for utilities on the garden property, $800 for property taxes, and $1,200 for insurance on the property. Tulip Company has found that it generally costs $50 per every 100 visitors to upkeep, repair, and maintain the gardens.