Question number 6

Part A (8 tries; 8 points) 1. What is the estimated contribution margin per ticket sold for the benefit concert? 21.1500 #1 IS CORRECT 2. What are the estimated total fixed costs for the benefit concert? 108000 #2 IS CORRECT You are correct. Your receipt no. is 158-9349 ) Previous Tries Your answers are correct, but just to make sure that there are no rounding issues, use $21.15 for the estimated contribution margin per ticket sold and $108,000 for the estimated monthly fixed costs in Parts B and C. Part B (8 tries; 8 points) 3. What is the estimated profit from the benefit concert if 8,500 tickets are sold? 71775 #3 IS CORRECT 4. How many tickets must be sold in order for concert profit to be $90,000? 9362 #4 IS CORRECT 5. Assuming a tax rate of 36% on profits from the concert, what must dollar ticket sales be in order for after-tax concert profits to be $90,000? 164574 #5 IS CORRECT You are correct. Your receipt no. is 158-4285 ( Previous Tries Part C (4 tries; 4 points) . Assume that the organizers can negotiate the fixed payment for the pavilion's operating expenses. If the organizers expect to sell 8,500 tickets, how much can they afford to pay and still earn a profit of $90,000 (ignore taxes)? Submit Answer Tries 0/4 Export Threaded View Chronological View Other Views ... My general preferences on what is marked as NEW Mark NEW posts no longer new MacBook Pro esc Q Search or enter website name % & N W 5 6 8 9 O delete