Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sillyday Park competes with Splash World by providing a variety of rides. Sillyday sells tickets at $70 per person as a one-day entrance fee. Variable
Sillyday Park competes with Splash World by providing a variety of rides. Sillyday sells tickets at $70 per person as a one-day entrance fee. Variable costs are $28 per person, and fixed costs are $258,300 per month. Compute Sillyday Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Sillyday Park needs to break even. Begin by selecting the formula labels and then enter the amounts to compute the contribution margin ratio. (Enter you answer to the nearest percent, X%.) Contribution margin ratio % Begin by selecting the formula and then entering the amounts to calculate the sales in dollars Sillyday needs to break even. (Abbreviation used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "O".) + ) - = Required sales in dollars + ) = % Choose from any list or enter any number in the input fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started