A small local cinema that plays a new movie every two months has secured the rights to play a new independent movie for the next two months at a cost of $330.000. The cinema also has monthly fixed costs of $38,000. Approximately how many tickets must the cinema sell over the next two months in order to break even? Assume that it costs $9 to print a hundred tickets and that each ticket is priced at $18. (Round up your answer to the next whole number) Number of tickets: Numeric Response

A small local cinema that plays a new movie every two months has secured the rights to play a new independent movie for the next two months at a cost of $330.000. The cinema also has monthly fixed costs of $38,000. Approximately how many tickets must the cinema sell over the next two months in order to break even? Assume that it costs $9 to print a hundred tickets and that each ticket is priced at $18. (Round up your answer to the next whole number) Number of tickets: Numeric Response

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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