Anuâ’s Amusement Center has collected the following data for operations for the year:Total revenues$1,769,000Total fixed costs$601,900Total variable costs$976,000Total tickets sold61,000Required:
a. What is the average selling price for a ticket?
b. What is the average variable cost per ticket?
c. What is the average contribution margin per ticket? (Do not round intermediate calculations.)
d. What is the break-even point? (Do not round intermediate calculations.)
e. Anu has decided that unless the operation can earn at least $223,600 in operating profits, she will close it down. What number of
Apple stock has an average return of 12% and a beta of 1.1. Google stock has an average return of 14% and a beta of 1.2. The risk free rate is 5% and the expected return on the market is 10%.
If you can only pick one stock to buy, which one would you pick? Explain your answer.