1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Schach [20]
3 years ago
12

A semiprofessional baseball team near your town plays two home games each month at the local baseball park. They split the conce

ssions 50/50 with the city, but keep revenue from ticket sales for themselves. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1,000 a month. The team charges $10 for each ticket, and the average customer spends $7 at the concession stand. Attendance averages 30 people at each home game. In order to break even, how many tickets does the team need to sell for each game?
Business
1 answer:
GenaCL600 [577]3 years ago
4 0

Answer:

41 tickets per game

Explanation:

The team's fixed monthly costs are:

$1,000 (wages and salaries) + $100 (municipal fee) = $1,100 per month

Since the team plays at home twice a month, the fixed costs allocated to each game are $550 (= $1,100 / 2).

Contribution margin per person = $10 (ticket price) + $3.50 (1/2 of concession stand's revenue) = $13.50

Break even point = fixed costs / contribution margin = $550 / $13.50 = 40.7 tickets which must be rounded up to 41 tickets per game

You might be interested in
In the 21st century, we define justice as:
9966 [12]

Answer: a. an equitable distribution of the burdens and rewards that society has to offer

Explanation: In the 21st century which is a time of creativity and innovation, justice is defined as an equitable distribution of the burdens and rewards that society has to offer.  It is the ideal of fairness, impartiality, etc.; the state or characteristics of being just and fair, especially with regard to the punishment of wrongdoing.

8 0
3 years ago
Which of the following is most consistent with a relationship marketing strategy?
aleksklad [387]

Answer:

Option C  

Explanation:

Relationship marketing refers to the strategy aimed at encouraging customer satisfaction, communication, and tight-term commitment. It is built to create strong customer relationships by presenting them with content that is specifically relevant to their desires and needs, and by encouraging open lines of communication.

Relationship marketing involves building and preserving interaction with customers over period via online marketing or other techniques which improve their chances of coming back to your company in the future. In particular, regular customers are essential because they are major sources of new clients and reviews and are also inclined to make repeated purchases.                            

4 0
3 years ago
Many managers describe performance appraisal as the responsibility that they like least. Why is this so? What could be done to i
rusak2 [61]

Answer:

Performance appraisal is by its very nature subjective.  To improve the situation, as much as it is possible, objectivity should be allowed to rule all appraisal processes.

Explanation:

Performance appraisal is the formal evaluation of employees by their managers for the purpose of aligning employees' performance to the achievement of corporate objectives.  To achieve goal congruence between employees who have different objectives for their work and the organization which wants to achieve profit and other corporate goals, performance appraisals are carried out periodically.  However, the process has been marred by manager's bias, incompetence, and other problems.

4 0
3 years ago
The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: DATE QUANTITY COST TOTAL January
Nesterboy [21]

Answer:

$4,536

Explanation:

LIFO assumes that the units to arrive last will be sold first. Hence inventory valuation is based on the prices of earlier units.

Ending Inventory = 36 x $126 = $4,536

The value of the ending inventory using the LIFO method of inventory pricing is $4,536.

5 0
3 years ago
Jack works hard on his projects as his manager promises him a salary increase on successful completion of the project. jack's ha
DIA [1.3K]

Extrinsic motivation

 Extrinsic motivation is defined as behavior that is motivated by external factors outside an individual such as rewards, fame, attention or praise. Therefore, if Jack’s motivation for successfully completing a project is a salary raise and more, he is externally motivated. He is motivated to do well largely by the external factor, money, rather than intrinsic factors such as a sense of achievement and pride.

7 0
4 years ago
Other questions:
  • The Stewart Company has $1,695,500 in current assets and $678,200 in current liabilities. Its initial inventory level is $423,87
    8·1 answer
  • Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term
    15·1 answer
  • D1 and S1 represent the initial demand and supply curves. If there is a huge increase in the desire of U.S. buyers to consume Br
    15·1 answer
  • Item 24Item 24 Assume you purchased 500 shares of XYZ common stock on margin at $40 per share from your broker. If the initial m
    10·1 answer
  • Which of the following is true of website content?
    12·2 answers
  • The country of Snowdonia has a total adult population of 10 million, and of these 210 thousand are currently out of work and act
    15·2 answers
  • Which of the following is NOT a factor of production?
    10·2 answers
  • Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a
    7·1 answer
  • the consumer price index measures the average price for a market basket of goods and services purchased by the typical(consumer/
    9·1 answer
  • While on a call with an emotional customer, the credit card they provide to purchase your service is declined by your system. Th
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!