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Ar. Abdulla is planning to set up a mini-Zoo in Amwa/ Islands. $25 per person will be the price for yisiting the zoo. In addition,
Ar. Abdulla is planning to set up a mini-Zoo in Amwa/ Islands. $25 per person will be the price for yisiting the zoo. In addition, the varlable costs per visitor will be $9 and total flxed costs are expected to be $200,000. REQUIRED: (a) Calculate the number of visitors needed for achieving: i) Breakeven (and its dollar amount as well) ii) A profit of $30,000 (b) Calculate the Margin of Safety in units assuming that the estimated number of visltors would be 18,000 persons
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