Suppose that the Rogers Centre, home of the Toronto Blue Jays, earns total revenue that averages $24 for every ticket sold. Assume that annual fixed expenses are $24 million and that variable expenses are $4 per ticket. Assume 1,000,000 tickets sold.

Requirements

1.	Prepare the ballpark's CVP graph under these assumptions. Label the sales revenue line, fixed expense line, total expense line. Indicate the operating loss area and operating income area.
2.	Calculate the break-even point in dollars and in tickets.