User Account

All Pages

What is your contribution margin per ticket

Assignment Help Accounting Basics
Reference no: EM132017892

Question - You are planning a $100 per ticket dinner-dance fundraiser for your favorite charity at a local hotel. The hotel will charge you $40 per dinner if you choose a beef plate. In addition to the hotel expenses, you will spend $1,000 in decorations, and pay the band $2,500, bartenders $300, and security guards $400.

1. What is your contribution margin per ticket?

2. How many tickets must you sell to break even?

3. What is your revenue when you break even?

4. How many tickets must you sell to have a profit of $6,000?

Reference no: EM132017892

Questions Cloud

Examine the marketing strategy : Examine the marketing strategy of ONE of the other retailers you may have included in your Weekly Reflections and how they use the various marketing concepts
Research various definition offered for domestic terrorism : Justification showing how each terrorism event meets the allocated definition (international or domestic terrorism).
What is the discounted payback period for project : The cost of capital of the project is 9.18 percent. What is the discounted payback period for the project?
Compute what is the current bond price : Ninja Co. issued 15-year bonds a year ago, at a coupon rate of 8.1 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.4 percent.
What is your contribution margin per ticket : You are planning a $100 per ticket dinner-dance fundraiser for your favorite charity at a local hotel. What is your contribution margin per ticket
What is your best estimate of the aftertax cost of debt : What is your best estimate of the aftertax cost of debt?
What impact will the cost of the purchase have on earnings : Nokela Industries purchases a $36.8 million cyclo-converter. The cyclo-converter will bedepreciated by $9.2 million per year over four years, starting thisyear.
Discuss the various forms of state sponsored terrorism : State sponsored terrorism is a term with various definitions and meanings. Discuss the various forms of state sponsored terrorism .
Determine the amount of supplies used : Restaurant had 8,480 supplies on hand at the beginning of April. Determine the amount of supplies used and journalize the adjusting entry

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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