question archive Dream Park sells tickets at $60 per person as a one-day entrance fee
Subject:AccountingPrice: Bought3
Dream Park sells tickets at $60 per person as a one-day entrance fee. Variable costs are $24 per person, and fixed costs are $226,800 per month. Required: 1. Compute the number of tickets Dream Park must sell to break even. 2- Compute the sales revenue Dream Park needs to break even. 3. What will be the effect on net income if the Dream Park sold tickets less than its break- even? Explain 4- How many tickets Hamad Park must sell to achieve a target profit of S180,000 5. If Dream Park expects to sell 7,000 tickets, what will be its contribution margin and its net operating income?