X Foster, the Rin x) Post Test 8.2 Fosters Circus is Europe's leading circus. In recent yea is concerned about the declining ticket sales. He would choose a tool in the palette and follow instructions to create you... He has asked you for some help, and has provided the Each performance has fixed costs of 2,000. 2400 As the circus does the same number of performances e The average ticket price is 20. Each performance has a maximum of 220 seats. Required Delete 1. What is the break even ticket volume for each perfor 2. Construct a profit-volume graph for Harry to use as a Clear Profit/Loss ? 220 220 Selected: none -2000 Volume/Output -2000- Volume/Output Save Cancel Choose a tool in the palette and follow instructions Fosters Circus is Europe's leading circus. In recent years, attendance has been slightly declining at most performances yet overall the circus is profitable. Harry Foster, the Ringmaster and business owner/manager, is concerned about the declining ticket sales. He would like to have a 'rule of thumb' to help him gauge how each performance does in terms of covering cost. He has asked you for some help, and has provided the following information: Each performance has fixed costs of 2,000. As the circus does the same number of performances each season, Harry regards all costs as fixed. The average ticket price is 20. Each performance has a maximum of 220 seats. Required 1. What is the break even ticket volume for each performance? 2. Construct a profit-volume graph for Harry to use as a rule of thumb to enable him to determine profit or loss per show from the volume of tickets sold. Requirement 1. Complete the formula below to determine the number of tickets which must be sold for a performance to break even. (Enter your answers as integers.) 2000 / 20 = 100 tickets Requirement 2. Draw a profit-volume graph using the graphing tool below. Hint: one of the points on the graph must be the profit at maximum performance capacity. Click the Enlarge Graph button if necessary