Tanner Park is a small amusement park that provides a variety of rides and outdoor activities for
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Tanner Park is a small amusement park that provides a variety of rides and outdoor activities for children and teens. In a typical summer season, the number of adult and children’s tickets sold are 20,000 and 10,000, respectively. Adult ticket prices are $ 18 and the children’s price is $ 10. Revenue from food and beverage concessions is estimated to be $ 60,000, and souvenir revenue is expected to be $ 25,000. Variable costs per person (adult or child) are $ 3, and fixed costs amount to $ 150,000. Determine the profitability of this business.
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Related Book For
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans
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