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------------------------- Just really need some help on this and figuring it out please I will rate!! Many thanks and God bless!!! Playpals Park competes with
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Just really need some help on this and figuring it out please
I will rate!!
Many thanks and God bless!!!
Playpals Park competes with Fun World by providing a variety of rides. Playpals 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 month. Under these conditions, the breakeven point in tickets is 6,100 and the breakeven point in sales dollars is $427,000 Read the requirements. Requirement 1. Suppose Playpals Park cuts its ticket price from $70 to $56 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Playpals must sell to break even under this scenario. (Abbreviation used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0".) ( Fixed costs + Target profit )= CM per unit = Required sales in units ($ 170,800 + $ 0 ) = $ 14 12,200 Next, select the formula and then enter the amounts to calculate the sales in dollars Playpals needs to break even under this scenario. (Abbreviation used: CM = contribution margin. Enter the contribution margin ratio to the nearest percent, X%. Complete all input fields. For items with a zero value, enter "0".) ( Fixed costs Target profit ): CM ratio = Required sales in dollars % - X Requirements 1. Suppose Playpals Park cuts its ticket price from $70 to 556 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. 2. Ignore the information in Requirement 1. Instead, assume that Playpals Park increases the variable cost from $42 to $56 per ticket. Compute the new breakeven point in tickets and in sales dollars. Print Done Funtime Park competes with Splash World by providing a variety of rides. Funtime Park sells tickets at $125 per person as a one-day entrance fee. Variable costs are $75 per person, and fixed costs are $325,000 per month. Under these conditions the breakeven point in tickets is 6,500 and in sales dollars is $812,500. Suppose Funtime Park increases fixed costs from $325,000 per month to $389,800 per month. 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 Funtime must sell to break even if its fixed costs are increased to $389,800. (Abbreviation used: CM = contribution margin. Complete all answer boxes. For items with a zero value, enter "O".) ( Fixed costs Target profit) + CM per unit Required sales in units ) + =Step by Step Solution
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