The Rolling Stones Manager is analyzing Big Lips Tour For 2018 across the United States. He...

The Rolling Stones Manager is analyzing Big Lips Tour For 2018 across the United States. He puts the pencil to the paper and begins performing cost-volume-profit analysis, specifically Break-even points.

The Stones’ Manager Would Like To perform in McAllen, Texas Since costs are very economical. Fixed Costs for the performance total only $500,000. Tickets will sell for for $250.00! Ticketmaster is responsible for processing ticket orders and charges The Rolling Stones a Fee Of $20.00 per Ticket. Rolling Stones expects to sell 7,500 tickets.

Answer the following questions, Making Sure To SHOW all work and calculations. State your answer in one complete sentence. Please keep in mind, Rolling Stones cannot sell partial tickets; therefore round numbers to whole numbers.

1. How many tickets must Rolling Stone sell to break even? Why? (Show Your Work And use complete sentence structure for the final answer.)

2. How much must Rolling Stones have in sales dollar to break even? Why? (Show work and use complete sentence structure for the final answer.)

3. How many tickets must Rolling Stones sell to earn a profit of $700,000? Why? Show your work and use complete sentence structure for the final answer.)

4. How much must Rolling Stones have in sales dollars to earn a profit of $700,000? Why? (Show Your Work And use complete sentence structure for the final answer.

5. What is Rolling Stones’ margin of safety in units and sales dollars? Why? (Show Work And use complete sentence structure for final answer.)

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ekkarill92 answered 1 year ago

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