Old Boat New Boat 4 hours $ 550 $ 600 6 hours $ 650 $ 700 F

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Old Boat New Boat 4 hours $ 550 $ 600 6 hours $ 650 $ 700 Full Day… Old BoatNew Boat 4 hours $ 550 $ 6006 hours $ 650 $ 700Full Day (9 hours) $ 1,100 $ 1,200 Hint: the fees are for the entire time block, not per hour.Calculate the profits generated by a 6-hour trip with the old boat (6 guests) and the new boat (8 guests) and compare the two figures. Identify the costs that changed. What conclusion can you draw based on your analysis? (Hint: Boat fees are not per person or per hour. The fees are for the block of time and for the maximum number of passengers).Accounting Business Financial Accounting BA 120

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