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The Ritz Theater uses the high-low method to estimate fixed cost per month and variable costs per ticket sold The following data are available: Month
The Ritz Theater uses the high-low method to estimate fixed cost per month and variable costs per ticket sold The following data are available: Month January February Total Cost No. of Tickets Sold $172,000 20,000 $174,000 19,500 March $180,500 25.500 April $170,500 21,500 May $190,000 25,000 June $188,000 26.500 $36,000 $6.000 O $25,000 $30.000 $105,000) The company is considering an advertising campaign that is expected to increase annual sales by 3,000 tickets. Tickets are sold for $12 each. Ignoring the cost of the advertising campaign, what is the expected increase (decrease) in profit associated with the advertising campaign
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