How many passes would be sold for the pool

Assignment Help Accounting Basics
Reference no: EM133168427

Question - Sand Point Community Center provides a variety of summer recreation options. A member can belong to the Center's town pool, play tennis, or play golf. Summer passes allowing residents to use these facilities are sold each year. One quarter of the season passes that are purchased are golf passes, 30 percent are for tennis, and the rest are for the pool. The golf passes are $65, the tennis passes are $35, and the pool passes are $100. The cost of providing these services is mostly fixed, with a $5 variable cost per pass, regardless of type. The fixed cost of operating the summer recreation program is $250,000.

1. How many people must buy recreation passes for the center to break even?

2. How many passes would be sold for the pool at that break-even volume?

Reference no: EM133168427

Questions Cloud

Compute the depreciation for the first year : Compute the depreciation for the first year of use by each of the following methods: (a) straight-line (b) units-of-production (1,300 hours first year)
Consumer behavior plays in marketing : Evaluate the role consumer behavior plays in marketing. Identify recent consumer behavior trends influencing Best Fitness.
Determine the annual depreciation : Tomko Company purchased machinery with a list price of $96,000. If Tomko uses straight-line depreciation, determine the annual depreciation
Qualities Of A Ghostwriter : A ghostwriter is professional writer capable of providing you content that you ask for. Have you ever approached a ghostwriter for any of content-related matter
How many passes would be sold for the pool : The fixed cost of operating the summer recreation program is $250,000. How many passes would be sold for the pool
What amount of equity method income would matthew recognize : Lindman sold additional inventory costing $60,800 to Matthew for $80,000 in 2018. What amount of equity method income would Matthew recognize
Evaluate the role consumer behavior plays in marketing : Evaluate the role consumer behavior plays in marketing. You are the marketing manager for Best Fitness. The firm markets athletic footwear, sportswear,
What was the amount of personal savings last year : Personal outlays we're $20 million and personal current taxes were 7 million. What was the amount of personal savings last year
Explain capital budgeting in detail : Question - Explain Capital Budgeting in detail from at least four journal articles or peer review articles

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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