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Canyon Escape sells individual tickets for $75 for walking tours of the Grand Canyon. Unit-level cost, including lunch, are $15 per ticket; fixed cost total $200,000 per year
Required:
a. How many tours must be sold to break even?
b. What level of revenue is needed to earn a target income of $42,000?
c. If unit-level costs increase to $20 per tour, what decrease in annual fixed costs must be achieved to keep the same break even point as calculated in requirement (a)?
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There are two stocks, stock A and stock B. The price of stock A today is $70. The price of stock A next year will be $50 if the economy is in recession, $80 if the economy is normal and $95 if the economy is expanding.
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Megan made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share.
What are the factors that lead to a valuation of a company's worth compared to that of the financial statements? How do company executives create the most value for all stakeholders?
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