Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. 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
2. 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 Page 110 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started