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Spain Productions performs Madrid shows. The average show sells 1 comma 2 0 0 1 , 2 0 0 tickets at $ 8 5 $
SpainProductions
performs Madrid shows. The average show sells
comma
tickets at
$ $
per ticket. There are
shows per year. No additional shows can be held as the theater is also used by other production companies. The average show has a cast of
each earning a net average of
$ $
per show. The cast is paid after each show. The other variable cost is aprogramprinting cost of
$ $
per guest. Annual fixed costs total
$ comma $ Compute revenue and variable costs for each show.
Select the formula and enter the amounts to compute sales revenue for each show. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of
$ comma comma $
Round contribution ratio to two decimal places. Is this profit goal realistic? Give your reasoning.
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