Kettle of Fish Hatcheries provides a stocked pond for fishing enthusiasts. They have fixed costs of $525,000, they charge $50 per person for pond access, and the variable costs of stocking the pond average about $15 per person. How many people need to fish the pond annually to break even?
A) 45,000
B) 15,000
C) 32,000
D) 10,000
Correct Answer:
Verified
Q1: Breakeven analysis can be used when planning
Q3: The uses of breakeven analysis includes all
Q4: The breakeven point occurs where total revenues
Q5: The Foggy Futures Weather Network offers an
Q6: How can a firm have more than
Q7: An example of a noncash outlay is
Q8: What is the breakeven point for
Q9: Bouncy Bungee Rubber Band Company has fixed
Q10: The Foggy Futures Weather Network offers an
Q11: The Fanny Nanny Weight Monitors Corporation offers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents