help with some accounting work please. net income etc, cash flow, net loss and other accou

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timer Asked: May 17th, 2015

Question Description

A local science museum normally sells tickets to its museum for $5 each. The daily maximum capacity of the museum is 1,000 visitors. Fixed costs are $2,000 and variable costs are $1.50 per visitor. A local school group has approached the museum wishing to purchase 50 special passes at a cost of $2.50 each. Assuming the museum has excess capacity, if the special order were accepted, what is the change in net income?

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