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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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_____ is Gross Domestic Product divided by a country's population.
kicyunya [14]

Answer: The answer is GDP per capita.

GDP per capita is Gross Domestic Product divided by a country's population.

Explanation: Gross Domestic Product  (GDP) per capita refers to dividing the country’s Gross Domestic Product by its population. It measures the country’s economic output that account for the country’s total population. Gross Domestic Product  (GDP) per capita is the best measurement of a country’s standard of living.

Gross Domestic Product means the total number of goods and services produced in the country within a year.

3 0
3 years ago
Read 2 more answers
The sales returns and sales allowances accounts are classified as
Harlamova29_29 [7]

These two Sales Revenue accounts (the sales returns and sales allowances) are classified as <em>Contra accounts.</em>  They have debit balances unlike the Sales Revenue account.

  • The purpose of their creation is to maintain the Sales Revenue account at its gross amount for measure purposes.

  • The Sales Returns account is the General Ledger account for recording goods returned by customers.  It reduces the Accounts Receivable account, which is credited with Sales Returns.

  • The Sales Allowances account records allowances granted to customers for defective goods, which reduce their balances.

Thus, the two sales accounts are contra accounts and they have debit balances.

Read more: brainly.com/question/14869899

6 0
2 years ago
Catherine sat down with all of her income details from the past year to calculate the total income she had in that period. After
HACTEHA [7]

Answer:

<em><u>The answer is</u></em>: <u>Net income.</u>

<u />

Explanation:

Net income is a measure of the profitability of a company, or person. It is the income of an amount less the cost of goods sold, expenses, depreciation and amortization, interest and taxes for an accounting period.

<u>For households and individuals</u>, net income refers to gross income, less taxes and other deductions, for example, mandatory pension contributions. It is usually the basis for calculating how much income tax is owed.

<em><u>The answer is</u></em>: <u>Net income.</u>

6 0
3 years ago
In its role as money manager, the Federal Reserve has three primary goals: to maintain stable prices (control inflation), ensure
pogonyaev

The federal reserve can manipulate the economy using the fiscal policy. The tools that it uses are interest rates and money supply.

In times of recession the federal reserve generally lowers the interest rates which stimulates the economy by allowing firms to borrow money at a cheaper price. Also, the consumers are encouraged to spend more. This leads to increase in production output and hence increase in employment rates.

To control the inflation, feds increases the interest rates, which decreases consumer spending and allow them to save more. Higher interest rates mean higher price of borrowing and therefore, inflation level decreases.

5 0
4 years ago
Thayer Farms stock has a beta of 1.38. The risk-free rate of return is 3.87 percent, the inflation rate is 3.93 percent, and the
KATRIN_1 [288]

Answer:

Cost of Equity  16.33%

Explanation:

We solve for this using CAMP:

Ke= r_f + \beta (r_m-r_f)

risk free = 0.0387

premium market = (market rate - risk free) 0.0903

beta(non diversifiable risk) = 1.38

Ke= 0.0387 + 1.38 (0.0903)

Ke 0.16331 = 16.33%

We are given with the risk free rate of return and the market premium already so we just need to plug into the formula to solve for the expected return on the stock.

8 0
3 years ago
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