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help me please with this question Homework: Chapter 07 CVP Assessment Assignment 41 of 1 (0 complete) core: 0 of 15 pts structor-created question Storytime
help me please with this question
Homework: Chapter 07 CVP Assessment Assignment 41 of 1 (0 complete) core: 0 of 15 pts structor-created question Storytime Park competes with Slide World by providing a variety of rides. Storytime sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per HW Score: 0%, 0 of Question Help month. i (Click the icon to view ther equirement 1. Compute the co Requirements ow that your answer is correct. egin by selecting the formula lab Compute the contribution margin per unit and the number of tickets Storytime Park must sell to break even. Perform a numerical proof to show that your answer is correct. 1. 2. Compute Storytime Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Storytime Park needs to break even M contribution margin. Complete all answer bo Begin by selecting the formula lab or items with a zero value, enter3. a. Suppose Storytime Park cuts its ticket price from $70 to $56 to increase the number of tickets sold Compute the new breakeven point in tickets and in sales dollars. b. Ignore the information in Requirement 3a. Instead, assume that Storytime Park Instead, assume that Storytime Park increases the variable cost from $42 to S56 per ticket. Cormpute the new breakeven point in tickets and in sales doillars to S170,100 safety in tickets and in sales dollars leverage Estimate the operating income if sales increase by 20% 4. Ignore Requirements 3a and 3b. Suppose Storytime Park reduces fixed costs from $170,800 per month per month. Compute the new breakeven point in tickets and in sales dollars. Perform a numerical proof showin 5. Ignore Requirements 3 and 4. If Storytime Park expects to sell 6,250 fickets, compute the margin of hoose from any list or enter an 6. Ignore Requirements 3 and 4. If Storytime Park expects to sell6.250 tickets, compute the operating Final Check
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