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Fact Pattern #1] An entrepreneur wishes to determine if it would be profitable to sell souvenir T-shirts at a 2-night rock concert. The shirts would
Fact Pattern #1] An entrepreneur wishes to determine if it would be profitable to sell souvenir T-shirts at a 2-night rock concert. The shirts would cost $3 each, and booth space and exclusive rights can be obtained for $5,000. The concert is already sold out for both nights, 12,000 tickets each night. Past experience has shown that approximately 1 in 10 ticketholders buys a shir. [111 ( Refers to Fact Pattern 1) What is the pretax sales breakeven point if the sales price of the shirts is $8 each? A. $1,000 B. $5,000 C. $6,000 D. $8,000
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