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Question 1: (80 Marks, 20 each) Internazionale, a league football team, play their weekly games...

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Question 1: (80 Marks, 20 each) Internazionale, a league football team, play their weekly games in Meazza stadium just outside Milano. The stadium can hold up to 70 000 people and tickets sells for $25 each. The owner estimates that the team's fixed expenses per game are 240 000and the variable expense per ticket sold is 135. Required: A. Determine how many tickets must the owner sell to break-even? B. Determine how many tickets must the owner sell to earn a target profit of $150,000? C. What is the safety margin for the owner if the team plays a mid-season game and the team owner expects the stadium to be 80% full? D. Prepare a fully labeled CVP graph for Internazionale (label the axes; the break-even point: all the different expenses and the profit and loss areas)

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