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problem: Basketball team has hired you as its new accountant. On 1st day on the job, Mavericks owner, Mark Cuban, comes to you and asks. How much tickets must we sell to pay for Michael Finley’s salary? He then hands you a sheet of paper with the following?

Micahel Finleys salary $12,000,000

Average ticket Price $80,000

Printing cost of one ticket $1 

[A] Make a response to Marks  problem

[B] Determine how many tickets the Mavericks have to sell to pay for the entire Mavericks  team if the total team salary is 80,000,000 including Finley Salary

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M916282

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