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
Shtirlitz [24]
3 years ago
9

Hickory point amusement park sells admission tickets for $50 per person for one visit. variable costs are $15 per visitor and fi

xed costs are $60,000,000 per month. the company's relevant range extends to 2,000,000 visitors per month. what is hickory point's projected operating income if 1,750,000 visitors come to the park during the month?
Business
1 answer:
Kay [80]3 years ago
4 0
First, calculate for the total operating cost of the park through the equation,

   TC = TV + TF

where TC is the total cost,
     TV is the total variable cost which is equal to the product of the variable cost per visitor and number of visitor, and
     TF is the total fixed cost. 

Substituting the known values,
    TC = ($15)(1,750,000) + $60,000,000 = $86,250,000

Then, the total revenue is the product of the cost of ticket and the number of visitors.
     TR = ($50/visitor)(1,750,000 visitors) = $87,500,000

Subtracting the two values will give us an answer of $1,250,000.

ANSWER: $1,250,000
You might be interested in
A potential benefit of telecommuting is that it _____. reduces employee turnover regulates work routine increases interaction wi
Lyrx [107]

In the given choices above, the potential benefit of telecommunication is that it was able to provide a reduce employee turnover because its task was able to provide a technology of which information exchange is made easy and the employees are given benefits.

<span />
6 0
3 years ago
Which of the following is a valid criticism of the use of money as a store of value in modern economies?a. annual inflationary l
Serga [27]

Annual inflationary loss of buying power is a valid criticism of the use of money as a store of value in modern economies.

Explanation:

As a result of a highly inflationary reduction in the buying ability of an economy, significant negative economic impacts emerge, particularly rising costs of consumer goods and services, with high-interest rates impacting global markets and lower ratings.

The buying power is the buyer's dollar value of credit to purchase additional stocks and bonds on the retirement account against the already marginal securities. Capacity can also be recognised as the purchasing power of the dollar.

8 0
3 years ago
When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
pantera1 [17]
The answer is hit and run business
6 0
2 years ago
Read 2 more answers
Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false
lawyer [7]

Answer:

  1. True
  2. False
  3. True
  4. True

Explanation:

When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.

When the economy is weakening, the Fed will try to stimulate it by engaging in actions that weaken short term interest rates so that people and businesses can borrow at lower cost and invest or buy goods and services.

When investors are worried about the riskiness of other financial assets, they usually come to safer assets like U.S. Treasury bonds so that they do not lose money and this is what happened in the credit crisis of 2008. More demand for the bonds led to a rise in their price.

3 0
2 years ago
Discussion Topic
steposvetlana [31]

Answer:

The role of project managers is vital for the succcess or failure of project.

Explanation:

The success of projects concentrates on developing key business metrics. However,  sometimes development programs are still unsuccessful. There are a number of reasons why these initiatives fail such as lack of funding, weak measurements, lack of coordination among team members, and decisions based on speculations instead of evidence and facts. Such types of issues make it much more difficult for project managers to establish credibility for future projects. Ultimately, the accomplishment or effectiveness of the strategy concentrates entirely on the shoulders of the project manager, and he or she is held responsible for the final outcome.

3 0
3 years ago
Other questions:
  • A stock index is valued at $800 and pays a continuous dividend at the rate of 3% per year. The 6-month futures contract on that
    14·1 answer
  • For the last several years, the country of Amerensia has been moving from a communist country to a more mixed economic system. W
    15·1 answer
  • The federal government is considered a bureaucracy primarily because it
    10·1 answer
  • As of 2014, approximately _____ of mutual fund assets were invested in bond funds.
    5·2 answers
  • Three Bears Manufacturing produces an autominus quartz watch movement called OM362. Three Bears expects to sell​ 20,000 units of
    11·1 answer
  • Ming is a manager for a large food service company. She has the authority to determine whether or not the company should expand
    13·1 answer
  • Rollerbeam Inc., a provider of engineering services, is looking to hire several maintenance engineers. Rollerbeam's HR departmen
    15·1 answer
  • A website that sells wedding dresses targets ads to (1) women (2) ages 22 to 35 (3) actively searching for a wedding dress (4) w
    9·2 answers
  • roarie brothers farm a seed company specializing in seed corn. at their weekly meeting they tried to calculate the portion of th
    5·2 answers
  • Holly comes into Matthew's bicycle shop to learn about the Easy Ride bicycle she saw in his newspaper ad. Matthew shows her the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!