Unformatted text preview: decreases 10 percent. 2. Alternatively, AOTI pays the artist a commission of $5 per ticket sold. It sells 4,000 tickets at $6 each. Prepare an income statement. Then prepare revised income statements assuming 10 percent more than 4,000 and 10 percent fewer than 4,000 patrons attend the exhibition. Calculate the percentage change in revenue and net income if attendance increases or decreases 10 percent. . Part c --Fixed and Variable Cost Definitions are Context Sensitive 1. AOTI pays the artist a commission of $20,000 per exhibition. What is the total commission cost and the commission cost per person if 1,000 / 2,000 / 4,000 people attend the exhibition? (Obviously, the answer is the same as part a.1.) 2. AOTI pays the artist a commission of $20,000 per exhibition. What is the total commission cost and the commission cost per exhibition if AOTI sponsors 1, 2, or 3 exhibitions?...
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This homework help was uploaded on 04/22/2008 for the course ACCT 2302 taught by Professor All during the Spring '08 term at Texas Tech.
- Spring '08