You were lucky enough to be named Chairperson of the Elmira College Annual Faculty Golf...
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Accounting
You were lucky enough to be named Chairperson of the Elmira College Annual Faculty Golf Outing. In estimating the cost of running this golf tournament, you have determined that variable expenses will be $60 per individual golfer and the fixed costs will be $6,000. You plan on charging a price to each individual golfer of $100.
REQUIRED:
1. Calculate the break-even point in both units (number of golfers) and in sales dollars.
2. How many golfers would need to sign up in order for the Elmira College to earn $7,000 from this tournament?
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