Solve the Problem. -Steve Invests in a Circus Production. the Cost Includes an Cost

question 78

Multiple Choice

Solve the problem.
-Steve invests in a circus production. The cost includes an overhead of $84,000, plus production costs of $9000 per performance. A sold-out performance brings in $15,000. Determine the number of sold-out performances, X, needed to break even.

• A)16 performances
• B)5 performances
• C)15 performances
• D)14 performances

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Definitions:

Folk Art Movement

A style of art that reflects cultural heritage, traditions, and the community life of ordinary people, typically produced by self-taught or minimally trained artists.

Hamada Shoji

A renowned Japanese ceramic artist and a key figure in the mingei (folk craft) movement, known for his stoneware pieces.

Jiro Yoshihara

A Japanese painter and influencer in the post-World War II art scene, known as the founder of the avant-garde Gutai group.

Okakura Kakuzo

A Japanese scholar and art critic, known for his works that introduced and explained Asian art and philosophy to Western audiences in the early 20th century.