Question
A AAI pays an artist a 20,000 commision. It sells 4000 tickets at $6.00 each. Prepare an income statement .Then prepared a revised income statement
A AAI pays an artist a 20,000 commision. It sells 4000 tickets at $6.00 each. Prepare an income statement .Then prepared a revised income statement assuming 10 percent more than 4000 and 10 percent fewer than 4000 patrons attended the exhibition. Calculate the percentage changes in revenue and net income if attendance increase or decreases 10 percent
B Alternativel AAI pays the artist a commission of $5.00 per ticket sold. It sells 4,000 tickets at $6.00 each. Prepare an income statement. Then prepare revised incomestatement assuming 10 percent more than 4000 and 10 percent fewer than 4000 patrons attended the exhibition. Calculate the percentage change in revenue and net income if attendance increases or decreases 10 percent
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