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COSTBEHAVIORANALYSISB E T S Y B O O N E , R E B E C C A H A R R I S O N , M E L A N I E S O M M E R S ,A N D M O N I Q U E W I L L I A M SG R A C E K H A L I L A C C / 5 6 1 - A P R I L 1 8 , 2 0 1 7
INVESTMENT OF THE RODEO•To invest is to commit money or capital to a cause withan attempt to create an additional income or profit.•The rodeo creates an entertainment event within thecommunity that will bring members of the communitytogether to enjoy.Eventually, the rodeo will break-even and produce a profit for the Circular Club.
BREAK-EVEN POINT FORTICKET SALES1.Find the break-even point.2.Find the break-even point for ticket sales.
TARGET PROFIT - $6,000•Formula:•Equation:
TARGET PROFIT - $12,000•Formula:•Equation:•
FAIRGROUND CAPACITY1.Find the average price per ticket.2.Find the total number of tickets sold.3.Find the average number of tickets per day.
RELEVANT COSTS•Rodeo must maintain the 1,294 average ticket sales per day to reach the$6000 profit level.