The fixed cost of a nightclub is 5,400 per month. In a typical month, 3,466 customers visit

Fantastic news! We've Found the answer you've been seeking!

Question:

The fixed cost of a nightclub is £5,400 per month. In a typical month, 3,466 customers visit the nightclub and pay an average of £32 per person. The club's variable cost averages £12 per customer.

What is the monthly break-even number of customers?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

See More Books

Posted Date: Apr 07, 2023 03:40 AM

See More Questions

The Glory Mountain State Ski Are expects to attract 292,500 skier days during the coming ski season. A skier day represents one skier at the mountain for one day. In addition to a $ 2,000,000 per...
The Cardiac Care Department at St. Andrews General Hospital has a capacity of 70 beds and operates 24 hours a day year-around. The measure of activity in the department is patient-days, where one...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Suppose that a 20-year bond pays $4 coupon once a year, and its yield rate is 6%. The bond has write-down of $0.49 for the first year. Calculate the write-down amount for the third year. Round the...
Show That Cv=-T
The table shows the number of goals allowed and the total points earned (2 points for a win and 1 point for an overtime or shootout loss) by the 14 Western Conference teams in the 20162017 National...
Telford Industrial Services plc is a medium-sized business. Extracts from the businesss financial statements appear below. Required: Prepare a set of common-size statements of financial position and...
1. Evaluate Zagat using the competitive forces and value chain models. 2. Compare Zagats and Yelps e- commerce business models. How have those models affected each companys Web strategy? 3. Why was...
17. Find the z value that corresponds to the following percentiles: a) 72nd percentile b) 98th percentile z= Z=
A convenience store is considering changing its layout to encourage impulse buying. The triangular flow matrix below gives the measure of association between different product groups ( e. g., beer,...
M. Sheffield has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $8,850 in cash. 16 Receives $3,940 from clients for services...
The FastBike Company manufactures bicycles and is trying to identify which activities are value-added and which activities are non-value-added. Describe each of the following activities as...
Regulation can no longer be viewed simply in terms of command and control over companies. Discuss two alternatives to direct regulation and explain, by using the notion of an enforcement pyramid,...
A bank spends considerable time in evaluating loan applicants. People come to banks to request loans to purchase houses, cars, or for business reasons. The loan officers must analyze these requests...
Examine the suggestion that small and medium-sized companies do not need information from a core set of ecological indicators related to their business.
What is eco-efficiency? How is it measured? Why is it measured? Where is it reported?
all entri es require Brandlin Company of Anaheim, California, sells parts to a foreign customer on December 1, 2017, with payment of 24,000 korunas to be received on March 1, 2018. Brandlin enters...
A bar of length = 1 has one fixed and one free end and stiffness function c(x) = 1 - x. Find the displacement when subjected to a unit force. Pay careful attention to the boundary condition at the...
Eger Township has a Management Department that pro-vides support to other departments. The Public Works Department has three functions: garbage collection, snow removal, and road repair. The...
If you put $ 15,000 in the bank today to save for college, and leave it for 20 years, what quarterly rate of interest will you have to earn in order to be able to pay a $ 50,000 tuition bill when you...
The town of Millbridge has to make a decision on replacing its garbage truck. It has narrowed the choice down to two different models. Model A will initially cost $ 80,000 and then will cost $ 4,100...
Given the following data for Float Energy: a. Give the entries to record the abandonment of both Lease A and Lease B. b. Give the entries assuming instead that both Lease A and Lease B were proved,...
Gusher Oil Corporation obtained shooting rights only for $$10,000$ on 5,000 acres owned by Mr. Q and shooting rights coupled with an option to lease for $$12,000$ on 4,000 acres owned by Mr. S....
The following transactions relate to one lease: a. On March 10, 2017, Axis Petroleum paid delinquent property taxes of $2,000 on an undeveloped lease. Assume that these taxes are recoverable out of...

The fixed cost of a nightclub is 5,400 per month. In a typical month, 3,466 customers visit

Question:

Expert Answer:

To find the breakeven number of customers we need to ... View the full answer

Financial Management for Public Health and Not for Profit Organizations

Students also viewed these accounting questions