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ED QUESTION TWO: (20 marks) Mr. Kamal is planning to set up a mini Zoo in Amwaj Islands. $25 per person will be the price
ED QUESTION TWO: (20 marks) Mr. Kamal is planning to set up a mini Zoo in Amwaj Islands. $25 per person will be the price for visiting the zoo. In addition, the variable costs per visitor will be $9 and total fixed costs are expected to be $200,000. Assume that the estimated number of visitors would be 18,000 persons. REQUIRED: (a) Calculate the number of visitors needed for achieving: 1) Breakeven (and also its dollar amount) 11) A profit of $30,000 (b) Calculate the Margin of Safety in units
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne William McManus, Daniel Viele
6th Edition
0072834641, 978-0072834642
