Refer to the original information (ignoring changes considered in Short Exercise). Suppose Story Park reduces fixed costs
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Refer to the original information (ignoring changes considered in Short Exercise). Suppose Story Park reduces fixed costs from $ 240,000 per month to $ 170,000 per month. Compute the new breakeven point in tickets and in sales dollars.
Story Park competes with Splash World by providing a variety of rides. Story Park sells tickets at $ 50 per person as a one-day entrance fee. Variable costs are $ 10 per person, and fixed costs are $ 240,000 per month.
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