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Computation of Breakeven sales and Contribution margin at breakeven.
You are on a committee to host a banquet for a major fundraising organization, which will consist of live music, a reception, a full meal (appetizer, salad, soup, entrée, vegetables, dessert and coffee/tea). The band is $2500 for the evening. The other fixed costs include ice sculpture, $300, reception $2500, photographer, $750 and miscellaneous, $3,000. The meal cost is $45 per ticket. If ticket prices are $100, what is the breakeven number of ticket sales for the event? Now assume that the event planner takes 10% of every ticket sale...what would be the break even in this case? What is the contribution margin at breakeven sales?
Portfolio's beta is 1.5. Thomas is allowing for selling particular stock to aid pay some university expenses.
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Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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This report is specific for a core understanding for Financial Accounting and its relevant factors.
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