Home / Questions / PROBLEM APPLICATION 4 CHAPTER 21 COST-VOLUME-PROFIT ANALYSIS, 100 POINTS. Use blue ink and...
PROBLEM APPLICATION 4 CHAPTER 21 COST-VOLUME-PROFIT ANALYSIS, 100 POINTS. Use blue ink and present your handwritten solutions in good form (pdf or jpg file, proper underlines and double underlines, dollar signs when appropriate, correct spellings) in the answer sheets provided after the problems. You need to submit only the answer sheets with all necessary calculations England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No additional shows can be held as the theater is also used by other production companies. The average show has a cast of 65, cach earning a net average of $340 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $8 per guest. Annual fixed costs total $728,000 Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows England Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $5,687,500. Is this profit goal realistic? Give your reasoning. I need to see two answers here a) yes or no, and b) your reasoning why o why not. r SOLUTION Requirement 1 Sales revenue per show Variable cost per show Requirement 2 Number of shows to breakeven Requirement 3 Contribution margin ratio Required sales in dollars Required sales in number of shows Realistic goal? Yes or no? Why or why not?
Apr 04 2020 Read more Less More
Business operations are often viewed as a value-adding process. "Inputs" enter the process, are transformed by the process, and the result is "outputs" from the process. ...
Aug 23 2020Solve the following by the Trial and Error method as outlined in the text and explained in the recording (Excel solutions will not be accepted). Your solution must show a...
Aug 27 2020The face values of a simple interest note and bank discount note are $10,000 each. Assume both notes have 8 percent interest rates for 90 days. Calculate the following: T...
Apr 08 2020Can You Read Emotions from Faces?We mentioned previously that some researchers—the psychologist Paul Ekman is the best known—have studied whether facial expressions revea...
Jul 11 2020This project requires someone who has experience with Entrepreneurship and Economic Development.Here is the format for the project: (Read the attached article and provide...
Nov 07 2017Use the following table for Country X to answer the next question. Column 1 of the table is the world price of a product. Column 2 is the quantity demanded domestically (...
Dec 30 2019Alula Software Solutions, Inc. (ASS) has been investigating the possibility of developing a simulation software that can be used for analyzing risk and return from altern...
May 24 2018Chapter 8 Global Shift by Peter Dickens 1.Which of the five output levels corresponds to the highest level of total revenue? B - Which of the five output levels correspon...
Apr 09 2020Does co-browsing have positive effects on the customer experience? Co-browsing refers to the ability to have a contact center agent and customer jointly navigate an onl...
Apr 25 2020It has been proposed that natural monopolists should be allowed to determine their profit-maximizing outputs and prices and then government should tax their profits away...
Dec 05 2019
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.
