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
8_murik_8 [283]
3 years ago
11

Who Done It Mystery Theater sells tickets for dinner and a show for $ 40 each. The cost of providing dinner is $ 22 per ticket a

nd the fixed cost of operating the theater is $ 70 comma 000 per month. The company can accommodate 15 comma 000 patrons each month. What is the contribution margin per​ patron?
Business
1 answer:
Readme [11.4K]3 years ago
6 0

Answer:

$18

Explanation:

The contribution margin per patron is the ratio of the total contribution to the number of patrons. The total contribution is the difference between the total sales and the total variable cost.

Hence, the contribution per matron may also be derived as the difference between the sales per patron and the variable cost per patron.

The variable cost here is the cost of providing dinner per ticket as such,

Contribution margin per patron

= $40 - $22

= $18

You might be interested in
g Marginal revenue product measures the rev: 06_21_2018 Multiple Choice amount by which the extra production of one more worker
Anton [14]

Answer: The correct answer is the first statement.

Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.

<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>

5 0
3 years ago
How much would you have to invest today in the bank at an interest rate of 10% to have an annuity of $5600 per year for 7 years,
Shtirlitz [24]

Answer:

PV = $27,263.15

It will be needed to deposit the lump sum of $27,263.15

Explanation:

The question is asking for how much will you need to deposit in a lump sum  today to withdraw for seven years the sum of $5,600 with an interest rate of 10%

In other words it is asking us for the preset value of an annuity of $5,600 with interest of 10%

Using the present value of an annuity formula of $1 we can solve for the present value of that annuity, which is the amount needed to generate this annuity

C * \frac{1-(1+r)^{-time} }{rate}= PV\\

We post our knows value and solve it:

5,600 * \frac{1-(1+0.10)^{-7} }{0.10}= PV\\

PV = $27,263.15

8 0
3 years ago
The capabilities used to create the sustainability/green initiatives at Walmart and Target are ______ but less likely to be ____
TEA [102]

Answer:

Letter C is correct. <u>Socially complex; rare.</u>

Explanation:

Organizations are increasingly incorporating ecological sustainability initiatives in their processes and activities, this is mainly due to the phenomenon of social complexity, which is the study of human behavior in several broad and complex circumstances that impact individual and group existence, such as example natural disasters, political movements, marriage practices, emigration patterns and others.

Man is not merely a passive agent, but a searcher for fundamental goals for himself and for society for improvement and survival.

Therefore, it is correct to say that organizations' sustainability initiatives are increasingly present in the current world, and that is why they are not uncommon, because sustainability is already seen as a phenomenon of social complexity, where companies that do not act according to sustainable parameters do not they are well regarded by society, which wants to consume products and services from companies in line with the highest social and environmental standards, which act as an active agent for improving the quality of social life.

4 0
3 years ago
The purpose of an executive summary is to A. combine information from various sources in novel and insightful ways that do not r
Savatey [412]
<h2>The purpose of an executive summary is to represent briefly the most important elements of your report including the key findings and conclusions.</h2>

Explanation:

Executive summary:

  • To highlight the main feature thus catching the attention of readers to learn more on it.
  • It should state the purpose of the report which is mandatory
  • It should also contain the results and recommendation too
  • It is just a overview of the important findings
  • The report should be presented in such a manner that the reader does not get bored
  • This can also be called as synopsis
3 0
3 years ago
I NEED HELP ASAP!!! A country recently had $800 billion worth of domestic investment and its residents purchased $400 billion wo
Mama L [17]

Answer: $500 billion

Explanation:

The country's savings will be explained below:

Savings = Domestic Investment + Net Capital Outflow

where, the net capital outflow will be:

= exports - imports

= $100 billion - $400 billion

= $-300 billion

Therefore, the country's savings will be:

= Domestic Investment + Net capital Outflow

= 800 + (-300)

= 800 - 300

= $500 billion

7 0
3 years ago
Other questions:
  • Titan Info Group is a software consulting firm based in Redmond. The firm uses a standardized job analysis questionnaire contain
    13·1 answer
  • If production is occurring where marginal cost exceeds price, the purely competitive firm will __________.
    8·1 answer
  • To evaluate solutions, you must usually
    8·1 answer
  • A certain stock has a beta of 1.45. If the risk-free rate of return is 5 percent and the market risk premium is 8.5 percent, wha
    8·1 answer
  • You could borrow money from friends and family who would like to invest in your business, or you could offer them ________. equi
    10·1 answer
  • The type of interest earned on a deposit account that is calculated on both the principal deposit
    11·1 answer
  • Philosophers of ethics often contend that the argument that codes should provide action recipes for all situations neglects the
    8·1 answer
  • The shoe department accounts for 2,700 square feet in a store and achieved sales per square foot of $800. Calculate the total sa
    7·1 answer
  • Bryant leased equipment that had a retail cash selling price of $650,000 and a useful life of five years with no residual value.
    12·1 answer
  • More than 10,000 people waited in line for more than two hours to see a titan arum (a rare flower) at cambridge botanic garden.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!