Which of the following most requires long-range forecasting (as opposed to short-range or medium-range forecasting) for its planning purposes?

The future value of a deferred annuity is less than the future value of an annuity not deferred.

a. true b. false

Fun Time Amusement Park provides a variety of attractions

Fun Time sells tickets at $50 per person as a one-day entrance fee. Variable costs are $28 per person, and fixed costs are $178,800 per month. Assume that Fun Time reduces fixed costs from $178,800 per month to $166,500 per month. Compute the new breakeven point in tickets and in sales dollars. What will be an ideal response