Question: Refer to the data given in Exercise 18.23. (Ignore income taxes) Required 1. Prepare a fully labelled profit volume graph for the Sydney HiTops. 2.

Refer to the data given in Exercise 18.23. (Ignore income taxes)

Required

1. Prepare a fully labelled profit volume graph for the Sydney HiTops.

2. What is the safety margin if the team plays a 1o-game season and the team management expect the stadium to be 45 per cent full for each game?

3. If the team plays a 10-game season and the stadium is 40 percent full for each game, what ticket price would the team have to charge in order to break even?

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