Imagine that the Walt Disney Company incurs $9,000,000,000 of fixed costs to operate its theme...
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Accounting
Imagine that the Walt Disney Company incurs $9,000,000,000 of fixed costs to operate its theme parks. Also assume that the average ticket price is $94 and that the marginal cost of each additional park guest is $7. Assume they have no other costs or revenues.
Walt Disney hasan effective tax rate of 32%.How many tickets must they sell to makean after-tax profit of $3,000,000,000?
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