Refer to the data given in Exercise 18.23. (Ignore income taxes)
1. Prepare a fully labelled profit volume graph for the Sydney HiTops.
2. What is the safety margin if the team plays a 1o-game season and the team management expect the stadium to be 45 per cent full for each game?
3. If the team plays a 10-game season and the stadium is 40 percent full for each game, what ticket price would the team have to charge in order to break even?