Prepare a CVP graph (Learning Objective 2)
Suppose that Turner Field, the home of the Atlanta Braves, earns total revenue that averages $24 for every ticket sold. Assume that annual fixed expenses are $24 million and that variable expenses are $4 per ticket.
Requirements 1. Prepare the ballpark’s CVP graph under these assumptions. Label the axes, sales revenue line, fixed expense line, total expense line, operating loss area, and operating income area on the graph.
2. Show the breakeven point in dollars and in tickets.