Paint and Sip sells admission tickets for a painting class for $60 each. The cost of providing

Fantastic news! We've Found the answer you've been seeking!

Question:

Paint and Sip sells admission tickets for a painting class for $60 each. The cost of providing the canvas and supplies is $31 per ticket and the fixed cost of operating the art gallery is $45,000 per month. The company can accommodate 5,100 patrons each month. What is the contribution marginratio?

207%

52%

48%

29%

Posted Date: Jun 22, 2024 03:09 AM

See More Questions

What is the difference between an enterprise system and an enterprise resource planning (ERP) system?
Western Airlines is considering a new route that will require adding an additional Boeing 777 to its fleet. Western can purchase the airplane for $225 million or lease it for $25 million per year. If...
Hey this is the question I need help with. gunstlcm 9 , 10 points Match the specified effect on the LM curve with the appropriate cause _ v A monetary policy that shifts the LM curve right A....
34 5 2. A group of 894 women aged 70 - 79 had their height and weight measured. The mean height was 159 cm with a standard deviation of 5 cm and the mean weight was 65.9 kg with a standard deviation...
Question 5 StudentsCOOP produces an innovative and popular educational algorithm. The COOP hires students with an monthly salary of 900$ to work on the project. Each student produces 1,100 lines of...
7. Determine the future value of a loan of $1850 at 3.6%, compounded monthly for three years and Learning activity 4.5: Owning and operating a vehicle five years. How much money would you save if you...
A company is evaluating a lockbox system proposal. The average number of payments received by the company per day is 1,500 and the average payment amount is $200. The bank proposing the system will...
(A) Which of the strengths identified in the document do people think is Costco's most important Strength and why? (B) Which of the weaknesses identified in the document do people think is Costco's...
Burns Company reported $796.765 million in net income in 2021. On January 1, 2021, the company had 401 million shares of common stock outstanding. On March 1, 2021, 24.6 million new shares of common...
Hello, i really need your help, answering these questions, there is no calculations to do, its general questions about finance please help ASAP.

Paint and Sip sells admission tickets for a painting class for $60 each. The cost of providing

Question:

Expert Answer:

Students also viewed these accounting questions