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kap26 [50]
3 years ago
5

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?a. 33b. 37c. 41e. 49f. 244
Business
1 answer:
Finger [1]3 years ago
7 0

Answer:

c. 41

Explanation:

The first thing we need to do is evaluate the monthly costs of the team:

Monthly Costs: $100 for the park, $1,000 for the salaries.

Total: $1,100

They play 2 local games per month, so they have costs of $550 / local game.

Now, for each ticket they sell, they get $10 for the ticket and $3.50 in concessions. Assuming these are net money from the concessions, not just sales.  So, for each ticket sold, they get $13.50 in revenues.

To cover their $550/game costs they need to sell...

550 / 13.50 = 40.74 tickets... so 41 tickets are needed to cover those monthly costs.

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Business behavior determines the ethics of society.We can improve society's moral and ethical behavior by first making a commitm
valkas [14]

Answer: The correct answer is False.

Explanation:

Business behavior will not determine the ethics of society. Businesses can't be responsible to change the moral and ethical behaviors of a single person or an entire world. Only a person can change their own behavior. A society in whole can only be changed by each person acting upon their own free will.

If a business is not ethical, then they need to change the way they work and do business and lead by example.

7 0
3 years ago
Total costs for Locke​ & Company at 140 comma 000 units are $ 289 comma 000​, while total fixed costs are $ 195 comma 000. T
Kobotan [32]

Answer: Total variable costs at a level of 260,000 units would be $1,74,460.

Explanation:

Total cost at 140,000 units = $249,000 and

Fixed cost = $195,000

Number of units = 140,000

∴ Total variable cost at 140,000 = Total cost - Total fixed cost

                                                      = 249000 - 195000

                                                       = $94000

Variable cost per unit = \frac{Total\ variable\ cost}{Number\ of\ units}

= \frac{94000}{140000}

= $0.671 per unit

Hence,

Total variable costs at a level of 260,000 units would be = Variable cost per unit × Number of units

= 0.671 × 260,000

= $1,74,460

5 0
3 years ago
A question beginning with "how" or "why" is usually what type of research question?
ycow [4]
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8 0
3 years ago
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(50 pts) Which of the following statements concerning price indexes is not accurate?
Mademuasel [1]

<em>Price indexes define the cost of goods in the entire economy at a given point in time.</em>

<em />

A price index is a scale used to measure changes in the levels of prices. This is a percentage scale that can be either based on prices of a single good or an entire market basket. This is only a small-scale index, not representative of an entire economy.

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3 years ago
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What is one major disadvantage of a capital formation strategy that focuses
andrew-mc [135]
It appears as though D is the correct answer

(Though (as a sub note) diversification of portfolios is a common method to reduce risk)
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