The Houston Armadillos, a minor-league baseball team, play their weekly games in a small stadium...
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Accounting
The Houston Armadillos, a minor-league baseball team, play their weekly games in a small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $10 each. The franchise owner estimates that the team's annual fixed expenses are $180,000, and the variable expense per ticket sold is $1. (In the following requirements, ignore income taxes.)
Required:
- Using excel spreadsheet, prepare a profit-volume graph for the Houston Armadillos
- What is the safety margin for the baseball franchise if the team plays a 12-game season and the team owner expects the stadium to be 30 percent full for each game?
- If the stadium is half full for each game, what ticket price would the team have to charge in order to break even?
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