prices of tickets Adults $110 youth tickets $50 it is expected that for every three adults tickets sold ,four youth tickets would be sold.the sales mix has been proven to be relatively stable for event. cost fixed cost per ticket for youth price per ticket adults rental cost $200,000 insurance 100,000 talent booking fees 105000 talent commission $5 $20 Determine the break even point and sales needed to earn operating profits of $ 150,000?

prices of tickets Adults $110 youth tickets $50 it is expected that for every three adults tickets sold ,four youth tickets would be sold.the sales mix has been proven to be relatively stable for event. cost fixed cost per ticket for youth price per ticket adults rental cost $200,000 insurance 100,000 talent booking fees 105000 talent commission $5 $20 Determine the break even point and sales needed to earn operating profits of $ 150,000?

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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Question Love for books bookstore expects sales of R10 000 000,00 next year. Each book sells for R200,00 and variable costs applicable in each sale are expected to be 45% of sales. The total cost of placing an order with service providers is estimated to be R5 000,00 per order. The service providers take about 30 days to deliver new stock. It costs the business R3 000,00 to carry one unit of stock per year. Meanwhile, it was estimated that the fixed costs amount to R4 000 000,00. The desired safety stock for Love for books bookstore is 6 000 units. Calculate the Economic Order Quantity for Love for bookstore Calculate the reorder point in units for Love for bookstore Calculate the breakeven point for Love for bookstore
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1. If you have the following information about ice-cream manufacturing unit Year Net Discount rate Returns 10% 2500 1. 700 0.909 -1000 0.826 3. 1450 0.751 1200 0.683 1700 0.621 6. 1350 0.564 7. -750 0.513 450 0.467 6. 1300 0.424 10 900 0.386 Calculate a) Discounted Payback period b) IRR and if the hurdle rate 35%, shall we accept the project or not ? Why? ) NPV
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Expected annual demand for Galaxy jerseys 14,000 Ordering cost per purchase order $112 Carrying cost per year $10 per jersey Each jersey costs PS $35 and sells for $70. The $10 carrying cost per jersey per year consists of the required return on investment of $5.95 (17% × $35 purchase price) plus $4.05 in relevant insurance, handling, and storage costs. The purchasing lead time is 5 days. PS is open 365 days a year. Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D=Demand in units for one year, P=Ordering cost per purchase order, C=Carrying cost of one unit in stock, Q=Any order quantity.) ModifyingAbove EOQ equals StartRoot StartFraction 2 DP Over Upper C EndFraction EndRoot With Subscript EOQ=2DPC Part 2 (Round your answer to the nearest whole number.) The EOQ is jerseys.
K- A concert hall has 13,000 seats and two categories of ticket prices, $18 and $28. Assume that all seats in each category can be sold Concert 2 13,000 $346,000 Tickets sold Return required 13,000 $337,000 Concert 1 3 13,000 $239,000 GLIDE a. How many tickets of each category should be sold to bring in each of the returns indicated in the table? $18 Tickets $28 Tickets
OPTION 1: Crestview Country Club a. Fixed rental cost of $1,000 b. $11 per person for food OPTION 2: Tallgrass Country Club a. Fixed rental cost of $3,000 b. A caterer who charges $8.00 per person for food Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band, which will cost another $2,000. Tickets are expected to be $35 per person. Local business supporters will donate any other items required for the event. A) Which option provides the least amount of risk? A) Option one B) Option two C) Both options provide the same amount of risk. D) Neither option has risks. E) Without probability assignments, it is not possible to determine the riskier option. 2B) What is the break-even point in units for each option? A) 96 units and 114 units, respectively B) 120 units and 187 units, respectively C) 56 units and 137 units, respectively D) 200 units and 252 units, respectively E) 156 units and 219 units, respectively C) What is the operating…