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note : requierment d can you draw cvp graph in excel Question 1: (80 Marks, 20 each) Internazionale, a league football team, play their weekly
note : requierment d can you draw cvp graph in excel
Question 1: (80 Marks, 20 each) Internazionale, a league football team, play their weekly games in Meazza stadium just outside Milano. The stadium can hold up to 80 000 people and tickets sells for $30 each. The owner estimates that the team's fixed expenses per game are $350 000 and the variable expense per ticket sold is $10. Required: A. Determine how many tickets must the owner sell to break-even? B. Determine how many tickets must the owner sell to earn a target profit of $450,000? C. What is the safety margin for the owner if the team plays a mid-season game and the team owner expects the stadium to be 90% full? D. Prepare a fully labeled CVP graph for Internazionale (label the axes; the break-even point; all the different expenses and the profit and loss areas)Step by Step Solution
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