User Account

All Pages

How many games must the team play to break even

Assignment Help Managerial Accounting
Reference no: EM132603277

The Brisbane Nets, a netball team, play their weekly games at a large stadium in Milton. The stadium holds 6 000 people and tickets sell for $40 each. The team's management estimates that the team's annual fixed costs are $720 000 and that the variable cost per ticket sold is $4. (In the following requirements, ignore income taxes.)

Required:

Question 1: Draw a CVP graph for the sports team. Label the axes, the break-even point, profit and loss areas, fixed costs, variable costs, total cost line and total revenue line.

Question 2: If the stadium is two-thirds full for each game, how many games must the team play to break even?

Reference no: EM132603277

Questions Cloud

Conduct periodic reviews of information systems : ribe the reasons it is important to conduct periodic reviews of information systems to determine whether they continue to meet the organization's objectives.
What is dividend declared during the year : Cost of goods sold 184,400; Sales returns 12,400; Administrative expenses 82,500, what is dividend declared during the year
Create national security culture : What would you do to help create a national "security culture," in which everyone is more knowledgeable and proactive about threats to information security?
What benefits did evolution realize by using the crm : What benefits did Evolution realize by using the CRM software? How did the system improve decision making and operations?
How many games must the team play to break even : Draw a CVP graph for the sports team. Label the axes, the break-even point, profit and loss areas, fixed costs, variable costs, total cost line
Prepare the journal entry to record the redemption : On January 2, 2015, Skysong Corporation issued $1,250,000 of 10% bonds at 97 due December 31, 2024. Prepare the journal entry to record the redemption
Employed to prevent security breach : What methods can me employed to prevent a security breach? What programming languages are vulnerable to this type of attack.
What is effective implementation of security markets : What are the suggestions to minimize the factors that hampers effective implementation of security markets in developing countries?
What is the best time to advertise : What is the best time to advertise each of the following products?a) nasal sprayb) cerealC) school supplies

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd