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Imaginationtime Park competes with Water World by providing a variety of rides. Imaginationtime sells tickets at $85 per person as a one-day entrance fee. Variable

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Imaginationtime Park competes with Water World by providing a variety of rides. Imaginationtime sells tickets at $85 per person as a one-day entrance fee. Variable costs are $17 per person, and fixed costs are $428,400 per month. Under these conditions, the breakeven point in tickets is 6,300 and the breakeven point in sales dollars is $535,500 Read the requirements. Requirement 1. Suppose Imaginationtime Park cuts its ticket price from $85 to $68 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Imaginationtime must sell to break even under this scenario. (Abbreviation used: CM contribution margin. Complete all answer boxes. For items with a zero value, enter "0".) Required sales in units Next, select the formula and then enter the amounts to calculate the sales in dollars Imaginationtime needs to break even under this scenario. (Abbreviation used: CM-contribution margin. Enter the contribution margin ratio to the nearest percent, X%. Complete all answer boxes. For items with a zero value, enter "O".) Required sales in dollars Requirement 2. Ignore the information in Requirement 1. Instead, assume that Imaginationtime Park increases the variable cost from $17 to $34 per ticket. Compute the new breakeven point in tickets and in sales dollars. The new breakeven point in tickets is The new breakeven point in sales dollars is $ Choose from any list or enter any number in the input fields and then continue to the next question. 01 Ex 6 esc 0 2 3 4

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