FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
6. The local non-profit symphony is planninga concert fundraiser. The organization estimates that 550 tickets can be sold for $16 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 $4320? | |||||||||
3. How much must your organization have in sales dollatrs to break even? (rounded to the nearest cent) | |||||||||
4. How much must your organization have in salesdollars to earn a profit of $4320? ( rounded to the nearest cent)? | |||||||||
5. What is the organization's margin of safety in Percentage and in sales dollars? |
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Follow-up Question
the question number 4 and number 5 was not answered?
The local non-profit symphony is planninga concert fundraiser. The organization estimates that 550 tickets can be sold for $16 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 $4320? | |||||||||
3. How much must your organization have in sales dollatrs to break even? (rounded to the nearest cent) | |||||||||
4. How much must your organization have in salesdollars to earn a profit of $4320? ( rounded to the nearest cent)? | |||||||||
5. What is the organization's margin of safety in Percentage and in sales dollars? |
Solution
by Bartleby Expert
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
the question number 4 and number 5 was not answered?
The local non-profit symphony is planninga concert fundraiser. The organization estimates that 550 tickets can be sold for $16 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 $4320? | |||||||||
3. How much must your organization have in sales dollatrs to break even? (rounded to the nearest cent) | |||||||||
4. How much must your organization have in salesdollars to earn a profit of $4320? ( rounded to the nearest cent)? | |||||||||
5. What is the organization's margin of safety in Percentage and in sales dollars? |
Solution
by Bartleby Expert
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