ED QUESTION TWO: (20 marks) Mr. Kamal is planning to set up a mini Zoo...
80.2K
Verified Solution
Link Copied!
Question
Accounting
ED QUESTION TWO: (20 marks) Mr. Kamal is planning to set up a mini Zoo in Amwaj Islands. $25 per person will be the price for visiting the zoo. In addition, the variable costs per visitor will be $9 and total fixed costs are expected to be $200,000. Assume that the estimated number of visitors would be 18,000 persons. REQUIRED: (a) Calculate the number of visitors needed for achieving: 1) Breakeven (and also its dollar amount) 11) A profit of $30,000 (b) Calculate the Margin of Safety in units
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.