What is the number of visitors that would be needed

Assignment Help Accounting Basics
Reference no: EM132695557

Question - Open Range Zoo is a major zoo displaying native animals and exotic animals from all over the world. The entrance fee is $110 per person. Variable costs of running the park are $65 per visitor and fixed costs are $1,600,030 per annum. What is the number of visitors that would be needed to make a profit of $350,000 per annum?

Reference no: EM132695557

Questions Cloud

Differences between internal auditor and external auditor : Describe 3 key differences between internal auditor and external auditor. List 5 areas of the computer system which might benefit from an IT audit
What will be the levered value of the equity : The current cost of equity is 12 percent and the tax rate is 35 percent. What will be the levered value of the equity
How much capital did the ipo raise for dolby laboratories : Assuming the shares are issued at the midpoint of the price range indicated, how much capital did the IPO raise for Dolby Laboratories
How many years will the payback period be : Earth-move Ltd, a building business, intends to purchase a new excavator machine for $550,000. How many years will the payback period be
What is the number of visitors that would be needed : Variable costs of running the park are $65 per visitor and fixed costs are $1,600,030 per annum. What is the number of visitors that would be needed
What is the break-even point in sales dollars : Hugo Pty Ltd sells designer suits. If sales price per suit is $600, the variable production costs are $170 per suit, what is break-even point in sales dollars
Describe group work in terms of time and place framework : Explain why it is useful to describe group work in terms of the time/place framework. Explain why most groupware is deployed today over the Web.
Discuss how business intelligence and data science : Discuss how business intelligence/data science/data analytics can be used "for good".
What is the return on ordinary shareholders funds : Interest expense is $32,000 and tax expense are $29,000. What is the return on ordinary shareholders' funds in percentage

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write a memo to mark

Obtain the most current accounting standards on accounting for hedges of available-for sale securities. determine whether hedge accounting can be used in the scenario proposed. Write a memo to Mark, reporting on the results of your research

  Prepare a fraud prevention plan based on your findings

Prepare a fraud prevention and detection plan based on your findings, indicating how you would communicate the plan to employees throughout the organization.

  Prepare appropriations expenditures and encumbrances ledger

The City of South Dundee budget for the fiscal year ended June 30, 2012, included an appropriation for the police department in the amount of $16,000,000.

  What is the cost of direct labor

Assume that there exist unlimited demand, unless otherwise stated. Assume further that the dentist gets paid $100 per hour.

  Matthew borrows 250000 to invest in bonds throughout 2013

matthew borrows 250000 to invest in bonds. during 2013 his interest on the loan is 30000. matthews interest income from

  Prepare budget schedules for june july and august

Prepare budget schedules for June, July and August for purchases and for disbursement for purchases. Someone please solve for me this question

  Prepare the journal entries for the issuance of the bonds

XYZ Company is building a new hockey rink at a cost of $1,500,000. Prepare the journal entries for the issuance of the bonds

  Estimating economic life of the automobile

Expected residual value after 2 years is $500 (present value is $429). Hockney guarantees the residual value of $500, which is equal to the expected residual.

  Compute the company return on net operating assets

The New York Times Company of $29,068 thousand, The company's return on net operating assets (RNOA) for the year is

  The company may borrow any amount at the beginning of any

ash budget lo8-8 garden depot is a retailer that is preparing its budget for the upcoming fiscal year. management has

  Discuss the key recommendations of the treadway commission

Briefly outline and discuss the key recommendations of the Treadway Commission.

  What internal controls should be in place in given situation

Discussion: Manager's Performance Evaluation- What internal controls should be in place in this situation to avoid fraud from occurring?

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