The parent group of the local university football team organizes an end of training camp bar-b-que dinner each year.The 110 player roster and 12 coaches eat for free, and ticket sales are used along with a fixed amount subsidy to fund the event.Last season 250 meals were produced and served.The following financial statement was prepared by one of the team parents:
Revenue:
Expenditures:
* The deficit was covered by a one-time donation from a parent whose son graduated and is consequently no longer on this years team.Required:
Calculate the price per ticket that must be charged to breakeven based on the following assumptions:
Definitions:
Maximum Price
The highest price that can be charged for a product or service, possibly regulated by law or market conditions.
Transmission Division
A specialized unit within a company or organization focused on the development, production, or maintenance of transmission systems.
Connector Division
is a term that could refer to a specific segment or department within a company focused on the production or distribution of connectors, though it can vary widely depending on the context and industry.
Maximum Price
The maximum amount a buyer is prepared to offer or a seller is ready to take for a product or service.
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