Question: I really need help with these 2 questions I don't understand how to do them. please help. 1.Susan and a group of friends have set

I really need help with these 2 questions I don't understand how to do them. please help.

1.Susan and a group of friends have set up a weekend baseball tournament. The tournament will be held on Saturday and Sunday. They can rent a baseball field for a daily charge of $56 and equipment for $44 per day. If they hire an independent umpire, they would need to pay $80 for the day. They would arrange to have caps made for each player at a cost of $7 each. If Susan can get 60 people to participate in the tournament, what price should be charged for admission to recover costs?

The price for admission to the tournament should be $ ___

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

2.Tina, an entrepreneurial business student, wants to set up a business completing tax forms for other students. Her price would be $53.00 for each job. Fixed expenses include $180.00 for the tax software which Tina would purchase. Tina would hire some accounting students to complete the forms, paying them for three hours at $12 per hour for each job. She would also have paper and supplies costs of $5 per job. How many jobs would she have to generate before she starts to make a profit?

Make the assumption that it takes an accounting student three hours to complete one tax return.

Tina would have to generate ___ tax returns before she starts to make a profit.

(Round up to the nearest unit.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!