Champion XI, a regional soccer team, play their weekly games in a stadium that can...
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Accounting
Champion XI, a regional soccer team, play their weekly games in a stadium that can hold 20,000 people. Tickets are sold for 20 per fixture. The team manager estimates that the annual fixed costs are 420,000, and the variable expenses per ticket sold are 6.
Required: (i) If the sports ground is half-full for each game, how many games must the team play to break even? (2 Marks)
(ii) What is the safety margin if the team plays a 12-game season and if the team management expects the stadium to be 30% of full capacity for every game?
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