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Computation of number of units to be sold to cover target dollar amount.
Basketball team has hired you as its new accountant. On your first day on the job, Mavericks owner, Mark Cuban, comes to you and asks. How many tickets must we sell to pay for Michael Finley's salary? He then hands you a sheet of paper with the following?
Micahel Finleys salary $12,000,000
Average ticket Price $80,000
Printing cost of one ticket $1 1. Prepare your response to Marks Question
2. How many tickets the Mavericks have to sell to pay for the entire Mavericks team if the total team salary is 80,000,000 including Finley Salary
Describe tax liability on dividend income, interest income and interest on loan paid and Excluding the items noted above, Redbird's taxable income is $500,000
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