Paint and Sip Sells Admission Tickets for a Painting Class

question 62

Multiple Choice

Paint and Sip sells admission tickets for a painting class for $60 each. The cost of providing the canvas and supplies is $31 per ticket and the fixed cost of operating the art gallery is $45,000 per month. The company can accommodate 5400 patrons each month. What is the contribution margin ratio?

• A)52%
• B)207%
• C)29%
• D)48%

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Definitions:

Sigmund Freud

A neurologist from Austria who pioneered the method of psychoanalysis, a therapeutic approach aimed at addressing mental disorders through conversational interaction between a psychoanalyst and their patient.

Erik Erikson

A German-American developmental psychologist and psychoanalyst known for his theory on psychosocial development across the lifespan.

Therapeutic Approach

An organized method used by mental health professionals to help clients achieve specific goals or overcome psychological issues.

Unconscious Conflicts

Internal struggles stemming from desires, emotions, or thoughts that are not fully aware to the individual but influence behavior and mental state.