Prince co. owned 80% of kile corp.'s common stock. during october 2018, kile sold merchandise to prince for $140,000. at december 31, 2018, 50% of this merchandise remained in prince's inventory. for 2018, gross profit percentages were 30% of sales for prince and 40% of sales for kile. the amount of intra-entity gross profit remaining in ending inventory at december 31, 2018 that should be eliminated in the consolidation process is:

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.