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d1i1m1o1n [39]
3 years ago
13

At the local ballpark, the team charges $5 for each ticket and expects to make $1,400 in concessions. the team must pay its play

ers $2,000 and pay all other workers $1,600. each fan gets a free bat that costs the team $3 per bat. how many tickets must be sold to break even? 2,500 tickets 275 tickets 440 tickets 1,100 tickets
Business
1 answer:
Sphinxa [80]3 years ago
6 0
To break even they must be able to sell 1,100 tickets during the event. 

The immediate cost is set at
$2,000 (player fees) + $1600 (worker fees) = $3,600

Assuming that fans would reach around 200 people that would be:
$3 X 200 =$600 (free bat costing)

Overall cost would be at: $3,600 + $600 = $4,200

To break even the computation will be as follows: 
2,500 tickets X $5 = $12,500 
$12,500 - $4,200 = $8,300 in earnings 


 
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Cullumber Company incurred $800000 of research and development costs in its laboratory to develop a new product. It spent $15000
cricket20 [7]

Answer:

$212,000

Explanation:

Calculation to determine the total amount that should be debited to Patents through July 31, 2017

Using this formula

Total amount debited to Patents=Legal fees for patent+Legal fees in a successful defense of patent

Let plug in the formula

Total amount debited to Patents=$150,000+$62,000

Total amount debited to Patents=$212,000

Therefore the total amount that should be debited to Patents through July 31, 2017 is $212,000

4 0
3 years ago
The cost performance index (CPI): a. can be used to estimate the projected cost of completing the project. b. indicates that the
Evgen [1.6K]

Answer:

The correct answer is letter "A": can be used to estimate the projected cost of completing the project.

Explanation:

The Cost Performance Index or CPI measures the projected cost of work completed compared to the current cost spent. The CPI represents a ratio of earned value to actual cost. If the CPI is greater than one, the project is under budget. When the CPI equals one the planned and actual costs are equal. If the CPI is higher than one, the project is over budget.

3 0
3 years ago
Getler Inc.'s projected capital budget is $2,000,000, its target capital structure is 40% debt and 60% equity, and its forecaste
anyanavicka [17]

Answer:

The correct answer to the following question will be Option e (0 $ 200,000).

Explanation:

Residual dividend policy should be used for businesses that fund their capital needs by wealth earned at home. Such that, companies can make investments only if all investment requirements are satisfied by something like internal resources instead of moving to something like the marketplace.

Capital Budget = $2,000,000

Capital structure will be:

Debt = 40%    

Equity = 60%

Income = $1,000,000

So let us measure the balance of our Expected Debt and Equity first:

Debt = 2,000,000 \times  40  \ percent

        = 800,000

Equity = 2,000,000\times  60 \ percent

           = 1,2000,000

As we know our income will be $1,000,000.

Then maybe we can have been using our inner income of $1,000,000 to funding everyone's capital requirement of $1,2000,000.

So,

Residual amount = 1,000,000 - 1,2000,000

                            = -200,000

This suggests that our organization has to sell upwards of $200,000 shares of assets and therefore will not be capable to afford to pay some distributions yet. So that option e would be the right answer.

4 0
3 years ago
Which one of the following statements regarding closed-end mutual funds is false? Multiple Choice The funds always trade at a di
drek231 [11]

Answer:

The answer is A. funds always trade at a discount from NAV and redeem shares at their net asset value

Explanation:

Closed-end mutual fund is the type of fund in which there is no new Investment money. The number of outstanding shares in this fund does not change. Closed-end fund can either sell for a premium or discount to net asset value depending on the demand for the shares.

Shares of open-end fund are redeemed are their net asset value and not closed-end fund.

5 0
3 years ago
The pricing function is an integral part of the companies :
ozzi

Answer:

Yes

Explanation:

Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.

Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.

Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.

8 0
3 years ago
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