Star Symphony would like to perform for a neighbouring city. Fixed costs for the performance total $5,000. Tickets will sell for $15 per person, and an outside organization responsible for processing ticket orders charges the symphony a fee of $2 per ticket. Star Symphony expects to sell 500 tickets. How many tickets must Star Symphony sell to break even? How many tickets must the symphony sell to earn a profit of $7,000? How much must Star Symphony have in sales dollars to break even? How much must Star Symphony have in sales dollars to earn a profit of $7,000? What is the symphony’s margin of safety in units and in sales dollars? Note question 4 and 5 please answer
Star Symphony would like to perform for a neighbouring city. Fixed costs for the performance total $5,000. Tickets will sell for $15 per person, and an outside organization responsible for processing ticket orders charges the symphony a fee of $2 per ticket. Star Symphony expects to sell 500 tickets. How many tickets must Star Symphony sell to break even? How many tickets must the symphony sell to earn a profit of $7,000? How much must Star Symphony have in sales dollars to break even? How much must Star Symphony have in sales dollars to earn a profit of $7,000? What is the symphony’s margin of safety in units and in sales dollars? Note question 4 and 5 please answer
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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Star Symphony would like to perform for a neighbouring city. Fixed costs for the
performance total $5,000. Tickets will sell for $15 per person, and an outside organization
responsible for processing ticket orders charges the symphony a fee of $2 per ticket. Star
Symphony expects to sell 500 tickets.
- How many tickets must Star Symphony sell to break even?
- How many tickets must the symphony sell to earn a profit of $7,000?
- How much must Star Symphony have in sales dollars to break even?
- How much must Star Symphony have in sales dollars to earn a profit of $7,000?
- What is the symphony’s margin of safety in units and in sales dollars?
Note question 4 and 5 please answer
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