The local non-profit youth symphony is planning a concert fundraiser. The organization estimates that 550 tickets...

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The local non-profit youth symphony is planning a concert fundraiser. The organization estimates that 550 tickets can be be sold for $16 per person. The fixed costs are $720. The local chamber of commerce office will process ticket orders for a fee of $4 per ticket, to relieve the youth symphony of this responsibility. 1. How many tickets does your organization have to sell to break even? 2. How many tickets does your organization have to sell to earn a profit of $4,320? 3. How much must your organization have in sales dollars to break even (rounded to the nearest cent.) 4. How much must your organization have in sales dollars to earn a profit of $4,320 (rounded to the nearest cent.)? 5. What is the organization's margin of safety in PERCENTAGE and in sales dollars? The local non-profit youth symphony is planning a concert fundraiser. The organization estimates that 550 tickets can be be sold for $16 per person. The fixed costs are $720. The local chamber of commerce office will process ticket orders for a fee of $4 per ticket, to relieve the youth symphony of this responsibility. 1. How many tickets does your organization have to sell to break even? 2. How many tickets does your organization have to sell to earn a profit of $4,320? 3. How much must your organization have in sales dollars to break even (rounded to the nearest cent.) 4. How much must your organization have in sales dollars to earn a profit of $4,320 (rounded to the nearest cent.)? 5. What is the organization's margin of safety in PERCENTAGE and in sales dollars?

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To answer these questions well need to use the formulas related to breakeven analysis 1 BreakEven Po... View the full answer