Business, 25.01.2020 04:31 ajmitchell04

Anu’s amusement center has collected the following data for operations for the year: total revenues $ 2,400,000 total fixed costs $ 656,250 total variable costs $ 1,350,000 total tickets sold 75,000 required:
a. what is the average selling price for a ticket?
b. what is the average variable cost per ticket?
c. what is the average contribution margin per ticket?
d. what is the break-even point?
e. anu has decided that unless the operation can earn at least $131,250 in operating profits, she will close it down.

what number of tickets must be sold for anu’s amusements to make a $131,250 operating profit for the year on ticket sales?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:00

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Answers: 1

Answer

Business, 22.06.2019 19:00

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Answers: 1

Answer

Business, 22.06.2019 20:40

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share

Answers: 3

Answer

Business, 22.06.2019 21:30

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.

Answers: 1

Answer

You know the right answer?

Anu’s amusement center has collected the following data for operations for the year: total revenues...

Questions