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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Give typed full explanation not a single word hand written otherwise leave it
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education