Sell in order to achieve operating income, Accounting Basics

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Sell in order to achieve operating income

George plans to sell his customers a special for a ski package weekend. He is able to purchase the package from the providers for $175 each. The ticket packages will be sold for $225 each and the ski resort and lodging facilities intend to reimburse George for any unsold ticket packages. Fixed costs include $4,000 in advertising costs.

How many ticket packages will George need to sell in order to achieve $60,000 of operating income?

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Accounting Basics: Sell in order to achieve operating income

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Accounting Basics: Sell in order to achieve operating income

Reference No:- TGS053412

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Statement of cash-flows using the indirect method

Q : What is the proper current price of investment

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Sell in order to achieve operating income

Reference No:- TGS053412

Recent Questions Asked Accounting Basics

Q : Statement of cash-flows using the indirect method

Q : What is the proper current price of investment

Q : Calculating charge for depreciation and amortization

Q : Rosa, who is 13, wants to spend her babysitting money

Q : Sell in order to achieve operating income

Q : Calculating charge for depreciation and amortization

Q : Explain culture of poverty by racial and ethnic groups

Q : What is the amount that the shareholder may deduct

Q : A description of an actual work setting

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