What the total sales in units or tickets would be

Assignment Help Accounting Basics
Reference no: EM132678215

The Ice City Blades are a minor league ice hockey franchise. Their arena has 5,000 seats, all of which sell for $11 per ticket per game. The team plays 40 games and expects to average 70 percent attendance at each game. Variable costs related to ticket printing, promotions, and mailings are estimated to be $1 per ticket. Fixed costs, including player salaries and operating expenses, total $1.2 million for the season.

Problem 1: If the team sold every ticket to every game, the total sales in units (tickets) would be

Reference no: EM132678215

Questions Cloud

How many months will be before he pays off the card : If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card?
What is the one-year interest rate : What is the 1-year interest rate that is expected for Year 2? Do not round intermediate calculations. Round your final answer to two decimal places.
What are greg total deductible expenses for tax purposes : What are Greg's total deductible expenses for tax purposes. Explain how you came up with this amount and why some amounts aren't included.
What the team projected net income at planned sales level : What the team's projected net income at its planned sales level would be? Fixed costs, including player salaries and operating expenses
What the total sales in units or tickets would be : If the team sold every ticket to every game, the total sales in units (tickets) would be? The team plays 40 games and expects to average 70 percent
Find what the total sales in dollars would be : The Ice City Blades are a minor league ice hockey franchise. If the team sold every ticket to every game, the total sales in dollars would be?
What the expected total sales in units would be : What the expected total sales in units would be? The team plays 40 games and expects to average 70 percent attendance at each game.
What the expected total sales in dollars would be : What the expected total sales in dollars would be? Fixed costs, including player salaries and operating expenses, total $1.2 million for the season.
Calculate the expected spot rate in six months : Calculate the expected spot rate in 6 months, assuming the Interest Rate Parity holds between the two countries. (Round off calculations to four decimals.)

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