The Arkansas Panthers, an arena football team, play their weekly games in a small stadium just outside Hogeye.The stadium holds 10,000 people and tickets sell for $10 each.The franchise owner estimates that the team's annual ﬁxed expenses are $180,000, and the variable expense per ticket sold is $1.(In the following requirements, ignore income taxes.) Required: 1.If the stadium is half full for each game, how many games must the team play to break even? 2.What is the safety margin for the team if it plays 12-games in the season and stadium is expected to be 30 percent full for each game? 3.What is the ticket price that the team would have to charge to break even for a 12-game season with a half-full stadium?

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The Answer of The Arkansas Panthers, an arena football team, play their weekly games in a small stadium just outside Hogeye.The stadium holds 10,000 people and tickets sell for $10 each.The franchise owner estimates that the team's annual ﬁxed expenses are $180,000, and the variable expense per ticket sold is $1.(In the following requirements, ignore income taxes.) Required: 1.If the stadium is half full for each game, how many games must the team play to break even? 2.What is the safety margin for the team if it plays 12-games in the season and stadium is expected to be 30 percent full for each game? 3.What is the ticket price that the team would have to charge to break even for a 12-game season with a half-full stadium?

The Arkansas Panthers, an Arena Football Team, Play Their Weekly