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Answer as soon as possible question is complete , i attached three pictures ne: 2 hours, 38 minutes, 55 seconds. pletion Status: To punts Save
Answer as soon as possible
question is complete , i attached three pictures
ne: 2 hours, 38 minutes, 55 seconds. pletion Status: To punts Save answer . A net income of must be earned to achieve the desired rate of return. A pretax profit of $ must be earned to achieve the desired rate of return. The given fixed and undistributed costs add up to $ while the fixed costs requiring calculation add up to Added together, the total fixed and undistributed costs are $ . . To earn the required net income, a Gross Profit of $ must be achieved. Total revenue of $ must be achieved to earn the required net income. Total variable costs are $ The average ticket price of $ must be earned to achieve the desired rate of return. . . Company C has invested $800,000 in a Concert Hall that seats 100. The company would like to see a 22% after tax return on its investment this year. The company faces a tax rate of 28% There are many costs involved in running a concert hall. Estimates include that variable costs will use up 32% of the revenue earned by the business Annual fixed costs would be as follows: Salaries: $160,000 Insurance: $85,000 License: $18,000 Utilities: $32,000 Also, depreciation on the building itself would be 19% of the buildings $350,000 book value. Part of the companies investment in the business came through a bank loan of $250,000, of which he will be paying 7% interest per year. The Company knows that in the coming year, it will be able to host 15 events. On average, the Company expects to sell each event at a 40% capacity; some events may be more, some events may be less REQUIRED: Based on the information provided, fill in the blanks. Part of the companies investment in the business came through a bank loan of $250,000, of which he will be paying 7% interest per year. The Company knows that in the coming year, it will be able to host 15 events. On average, the Company expects to sell each event at a 40% capacity; some events may be more, some events may be less REQUIRED: Based on the information provided, fill in the blanks. To complete your answers please follow the instructions: Round up or down to keep TWO DECIMALS accordingly. i.e. 1.234 would be rounded to 1.23 whereas 1.235 would be rounded to 1.24 Use a PERIOD to determine decimals. i.e. 1.23 Please DO NOT use dollar signs $ or percentage signs %. Please record the numbers with only a decimal place, DO NOT place a comma, distinguishing the thousands 1.e. To record $1,000 type 1000 not 1,000 1.e. To record $100,000 type 100000 not 100,000 Use only lower-case letters if typing a word, do not use UPPER-CASE letters Step by Step Solution
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