Compute the number of tickets story must sell to break

Assignment Help Accounting Basics
Reference no: EM13516653

Computing breakeven point in sales units Story Park competes with Splash World by providing a variety of rides. Story sells tickets at $50 per person as a one-day entrance fee. Variable costs are $10 per person, and fixed costs are $240,000 per month.

Requirement

1. Compute the number of tickets Story must sell to break even. Perform a numerical proof to show that your answer is correct.

Reference no: EM13516653

Questions Cloud

Prepare the journal entry to record depletion : Compute Campbell's asset turnover ratio, compute Campbell's profit margin on sales - Everly estimates that 4,000 tons of coal can be extracted. If 700 tons are extracted the first year, prepare the journal entry to record depletion.
Explain how many grams of lactic acid ch3chohcooh : How many grams of lactic acid, CH3CHOHCOOH, together with 2.00 grams of NaOH, must be used to prepare 225 mL of Lactic acid-lactate ion buffer at pH = 4.00
Explain benzoic acid hc7h5o2 is a weak monoprotic acid : Benzoic acid, HC7H5O2, is a weak monoprotic acid. 10.81 g of sodium benzoate, NaC7H5O2, which is the conjugate base, is placed in a 0.500 L beaker and its pH is measured. It is found the pH of the solution is 8.69.
Determine the current delivered to each resistor : Each of the four circuits in the drawing consists of a single resistor whose resistance is either R or 2R, and a single battery whose voltage is either V or 2V. determine the current delivered to each resistor
Compute the number of tickets story must sell to break : Compute the number of tickets Story must sell to break even. Perform a numerical proof to show that your answer is correct.
Manual calculations : Manual calculations.
Determine the power output of the heater : A 603.7-W space heater is designed for operation in Germany, where household electrical outlets supply 230 V (rms) service. What is the power output of the heater
What entry would you make on december 31 : What entry would you make on December 31, 2013, to recognize these facts?
Babies born in the united states : Consider babies born in the "normal" range of 37 - 43 weeks gestational age. Extensive data  supports the assumption that for such babies born in the United States, birth weight is normally  distributed with mean = 3432 grams and standard deviati..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd