Paint and Sip Sells Admission Tickets for a Painting Class

question 88

Multiple Choice

Paint and Sip sells admission tickets for a painting class for $40 each. The cost of providing the canvas and supplies is $32 per ticket and the fixed cost of operating the art gallery is $35,000 per month. The company can accommodate 5600 patrons each month. What is the contribution margin per patron?

• A)$5.00
• B)$0.20
• C)$8.00
• D)$32.00

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Definitions:

Existential Anxiety

According to existential theorists, a universal fear of the limits and responsibilities of one’s existence.

Defense Mechanisms

Psychological strategies employed by individuals unconsciously to protect themselves from anxiety and conflict by denying or distorting reality.

Generalized Anxiety Disorder

A mental health condition characterized by chronic and exaggerated worry and tension, often with no obvious reason.

Generalized Anxiety

A mental health condition characterized by persistent and excessive worry about various aspects of life, not confined to any one specific issue.