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.)
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