Answer the Following Questions Using the Information Below

question 121

Multiple Choice

Answer the following questions using the information below:
Campesi intends to sell his customers a special round-trip airline ticket package.He is able to purchase the package from the airline carrier for $250 each.The round-trip tickets will be sold for $300 each and the airline intends to reimburse Campesi for any unsold ticket packages.Fixed costs include $7500 in advertising costs.
-How many ticket packages will Campesi need to sell to break even?

• A)65 packages
• B)100 packages
• C)150 packages
• D)250 packages

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Definitions:

Partnership Business

A form of business operation between two or more individuals who share management and profits.

Torts

Legal wrongs committed against a person or property, excluding breach of contract, for which the law provides a remedy in the form of an action for damages.

Principal

The main party to a transaction or agreement, often responsible for the obligations and benefits that arise from the contract.

UPA

Uniform Partnership Act, a standardized set of laws to govern the formation, operation, and dissolution of partnership businesses in the United States.