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Fixed Cost: $ 2 0 , 0 0 0 - Venue ( $ 1 0 , 0 0 0 ) - Advertising ( $ 1

Fixed Cost: $ $20, 000$

$-$ Venue $($ $ $10, 000)$

$-$ Advertising $($ $ $1, 000)$

$-$ Equipment $($ $ $4, 000)$

$-$ Entertainment $($ $ $5, 000)$

Variable Cost: $ $50 /$ per

Tickets per: $ $100$

Target Profit: $ $10, 000$

How many tickets do I need to sell to become profitable?

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Question

Fixed Cost: $ 2 0 , 0 0 0 - Venue ( $ 1 0 , 0 0 0 ) - Advertising ( $ 1

Fixed Cost: $20,000 - Venue ($10,000) - Advertising ($1,000) - Equipment ($4,000) - Entertainment ($5,000) Variable Cost: $50/per Tickets per: $100 Target Profit: $10,000 How many tickets do I need to sell to become profitable?

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Financial Accounting

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Fixed Cost: $ $20, 000$

$-$ Venue $($ $ $10, 000)$

$-$ Advertising $($ $ $1, 000)$

$-$ Equipment $($ $ $4, 000)$

$-$ Entertainment $($ $ $5, 000)$

Variable Cost: $ $50 /$ per

Tickets per: $ $100$

Target Profit: $ $10, 000$

How many tickets do I need to sell to become profitable?