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Watermans WaterWorld Tourist Park has collected the following data for operations for the year: Total revenues $ 2,000,000 Total fixed costs $ 546,875 Total variable

Watermans WaterWorld Tourist Park has collected the following data for operations for the year:

Total revenues $ 2,000,000
Total fixed costs $ 546,875
Total variable costs $ 1,125,000
Total tickets sold 50,000

Required:

What is the average selling price for a ticket?

What is the average variable cost per ticket?

Note: Round your final answer to 2 decimal places.

What is the average contribution margin per ticket?

Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.

What is the break-even point?

Note: Do not round intermediate calculations.

Waterman's management has decided that unless the operation can earn at least $140,000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $140,000 operating profit for the year on ticket sales?

Note: Do not round intermediate calculations.

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