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What must the aggregate attendance

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Question - The board of directors of an ice hockey team is preparing financial projections for the next season's operations. The team rents the city's 4000-seat arena for the entire season for $200,000 plus 25% of revenue from ticket sales. An external vendor operates the food & beverage counters at the games and pays the team one-third of the gross revenue.

The team will pay $220,000 for uniforms and equipment, $150,000 for travel costs, $100,000 for the coach's salary and benefits, and $100,000 for housing subsidies for team members not living at home. The average ticket price will be $16, and past experience shows that each fan spends an average of $3 on food and beverages at the games. What must the aggregate attendance for the 30 home games be for the team to just cover all of its costs for the season?

Reference no: EM133045832

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