Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

waterman's waterworld tourist park collected the following data for operations for the year. total revenues 2,100,000 total fixed costs 587,375 total variable costs 1,175,000 total

waterman's waterworld tourist park collected the following data for operations for the year.

total revenues 2,100,000 total fixed costs 587,375 total variable costs 1,175,000 total sold 50,000

What is the average selling price for a ticket? What is the average variable cost per ticket? What is the average contribution margin per ticket? What is the break-even point ? Water management has decided that unless the operation can earn at least a $148000 in operating profits. They will close it down. What number of tickets must be sold for watermelons to make a $148000 operating profit for the year on ticket sales? note, Do not round intermediate calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Please make it fast 1 2 1 . .

Answered: 1 week ago