Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Luke is arranging for a party to be held in the students' union. The use of the hall will be free but security costs of

Luke is arranging for a party to be held in the students' union. The use of the hall will be free but security costs of 300 will have to be met. The cost of the main band will be 2,500 and the supporting band will cost 450. Tickets will be priced at 15 each. On arrival, every ticket holder will be given a bottle of water, worth 1 per bottle. What are the total fixed costs for this event?

a)3,250

b)2,500

c)1

d)15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business and Administrative Communication

Authors: Kitty o. locker, Donna s. kienzler

10th edition

77830105, 978-0077830106, 978-0073403182

Students also viewed these Accounting questions