Homework Answers
Breakeven quantity=Total fixed cost/(Price per ticket-Variable cost per ticket)
1.
=300000/(75-20)=5454.54545454545
2.
=300000/(75-50)=12000
Add Answer to:
.Jefferson City has decided to invite an orchestra to play in the city's museum. break even...
orchestra toe in order for the city hestra to play in the city's muscum Jefferson City...
orchestra toe in order for the city hestra to play in the city's muscum Jefferson City has decide was decided to invite an orchestra to play in the ci e cost of an individual ticket in order for the cales. The city estimates that their total fixed that their total fixed costs are $300.000 Your job is to ca ob is to calculate the cost of cak even on sales. The city The variable cost is $20.00 per ost is...
& JE Your job break even or The variable co 3. Jefferson City has decided to...
& JE Your job break even or The variable co 3. Jefferson City has decided to build a downtown parking garage to house employee's vehicles. Since the city has to demolish several buildings on the site the project will take five years to complete. The city expects to save $30,000.00 a year once the project is completed. Using a 5% discount rate, determine the present value (PV) of the $30,000.00 savings at the end of the five year period. A....
Big City Orchestra, Inc. produces a five-concert series every year. Its concert hall has 3,300 seats,...
Big City Orchestra, Inc. produces a five-concert series every year. Its concert hall has 3,300 seats, all of which sell for $40 per ticket per concert. Variable costs are estimated to be $2 per ticket, related to printing, promotions, and mailings. Fixed costs, including salaries and operating expenses, total $427,500 per year. The orchestra averages 70% attendance per concert. What is the breakeven point in dollars of ticket sales? What is the breakeven point in tickets per concert? What is...
Required: 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of...
Required: 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of $345,400. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. s 2. Sooner Industries charges a price of $100 and has fixed cost of $498,000. Next year, Sooner expects to sell 19,700 units and make operating income of $169,000. What is the variable cost per unit? What is the contribution margin ratio? Note:...
1. Under the current scenario, Madison Production Company can expect total profit of ________________________________. The company...
1. Under the current scenario, Madison Production Company can expect total profit of ________________________________. The company needs the show to run for ______________________weeks in order to break even. 2. In order to earn a net profit of at least $21,000,000 by running the show for 90 weeks, the company must sell the tickets for at least ______________. 3. If MPC can lower the ticket price to $40 (all else remaining the same), then ________________ additional weeks are needed for...
Break Even = BE Cost of ...
Break Even = BE Cost of Goods Sold Per Unit = CGS Operating Expenses = OE Price = P Gross Margin Per Unit = GM *This number represents the amount of money per unit that can be used to contribute to cover fixed costs and add to profit. BE = OE / (P-CGS) GM = (P-CGS) Use this formula to check your answers Revenue = Expenses Revenue = (PRICE * Quantity) Expenses = (Fixed Costs + (CGS * Quantity) ------------------------------------------------------------------------------------------------------------...
Calloway Cab Company determines its break-even strictly on the basis of cash expenditures related to fixed...
Calloway Cab Company determines its break-even strictly on the basis of cash expenditures related to fixed costs. Its total fixed costs are $500,000, but 10 percent of this value is represented by depreciation. Its contribution margin (price minus variable cost) for each unit is $4.60. How many units does the firm need to sell to reach the cash break-even point? (Round your answer to the nearest whole number.) Cash break-even point units
Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to...
Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixed costs are $6,800,000, but 25 percent of this value is represented by depreciation. Its contribution margin (price minus variable cost) for each unit is $12. How many units does the firm need to sell to reach the cash break-even point? (Round your answer to the nearest whole number.) Cash break-even point units
Playhouse Square in Cleveland regularly hosts touring companies of Broadway shows. Playhouse Square negotiates a contract...
Playhouse Square in Cleveland regularly hosts touring companies of Broadway shows. Playhouse Square negotiates a contract with the producers of the Broadway show in which the show runs for a predetermined number of performances, Playhouse Square takes in revenue from the tickets that they sell for the performances, and they pay the producers of the show a set fee. Playhouse Square is currently negotiating to host "The Lion King." While they are negotiating the contract, they need to estimate their...
L Jutlet Income Jueu to break even? To earn net income of $159,600? ome if the...
L Jutlet Income Jueu to break even? To earn net income of $159,600? ome if the number of customers is 145,000. 13.000 2.23 CVP analysis, sensitivity analysis. Tuff Kids Jeans Co sells blue jeans wholesale to major retauer across the country. Each pair of jeans has a selling price of $30 with $21 in variable costs of goods sold The company has fixed manufacturing costs of $1.200.000 and fixed marketing costs of $300,000. Sales commissions are paid to the wholesale...
orchestra toe in order for the city hestra to play in the city's muscum Jefferson City has decide was decided to invite an orchestra to play in the ci e cost of an individual ticket in order for the cales. The city estimates that their total fixed that their total fixed costs are $300.000 Your job is to ca ob is to calculate the cost of cak even on sales. The city The variable cost is $20.00 per ost is...
& JE Your job break even or The variable co 3. Jefferson City has decided to build a downtown parking garage to house employee's vehicles. Since the city has to demolish several buildings on the site the project will take five years to complete. The city expects to save $30,000.00 a year once the project is completed. Using a 5% discount rate, determine the present value (PV) of the $30,000.00 savings at the end of the five year period. A....
Required: 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of $345,400. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. s 2. Sooner Industries charges a price of $100 and has fixed cost of $498,000. Next year, Sooner expects to sell 19,700 units and make operating income of $169,000. What is the variable cost per unit? What is the contribution margin ratio? Note:...
Calloway Cab Company determines its break-even strictly on the basis of cash expenditures related to fixed costs. Its total fixed costs are $500,000, but 10 percent of this value is represented by depreciation. Its contribution margin (price minus variable cost) for each unit is $4.60. How many units does the firm need to sell to reach the cash break-even point? (Round your answer to the nearest whole number.) Cash break-even point units
Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixed costs are $6,800,000, but 25 percent of this value is represented by depreciation. Its contribution margin (price minus variable cost) for each unit is $12. How many units does the firm need to sell to reach the cash break-even point? (Round your answer to the nearest whole number.) Cash break-even point units
Playhouse Square in Cleveland regularly hosts touring companies of Broadway shows. Playhouse Square negotiates a contract with the producers of the Broadway show in which the show runs for a predetermined number of performances, Playhouse Square takes in revenue from the tickets that they sell for the performances, and they pay the producers of the show a set fee. Playhouse Square is currently negotiating to host "The Lion King." While they are negotiating the contract, they need to estimate their...
L Jutlet Income Jueu to break even? To earn net income of $159,600? ome if the number of customers is 145,000. 13.000 2.23 CVP analysis, sensitivity analysis. Tuff Kids Jeans Co sells blue jeans wholesale to major retauer across the country. Each pair of jeans has a selling price of $30 with $21 in variable costs of goods sold The company has fixed manufacturing costs of $1.200.000 and fixed marketing costs of $300,000. Sales commissions are paid to the wholesale...
Most questions answered within 3 hours.
-
1- What is the freezing point of pure water (in degrees
Celsius)?
2-
he molar mass...
asked 6 minutes ago -
Determine the direction of the force that will act on the charge
in each of the...
asked 11 minutes ago -
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 2 hours ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 2 hours ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 3 hours ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 3 hours ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 3 hours ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 5 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 5 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 5 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 6 hours ago -
1. In eukaryotic cells the genomes of
&
asked 6 hours ago