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Lappin Community Transit (LCT) is a not-for-profit mostly volunteer organization that provides transportation to seniors As a not-forprolit, it refers to an excess of revenues over costs as a "surplus" and an excess of costs over revences as a "deficit" LCT prices a round-trip ticket to downtown at $225 per trip. The variable costs of a ride are $4.00. The fixed costs of LCT, primarily for its paid staff and van leases, are $75.000 annually. The town of Lappin provides LCT with a fiat subsidy, partially funded by downtown merchants, of $120,000 annually plus a per-trip subsidy of $0.25. Required: a. What is the break-even point for LCT in terms of number of round-trip ticket sold? b. The directot of LCT expects 21,000 niders this year and asks you if it will operate at a surplus or defict What is your answer? Complete this question by entering your answers in the tabs below. What is the break-even paint for LIT in terms of number of round-trip ticket sold? Fote: Do not roond intermediate calculatioes. Round up your answee foe "trips" to the nearest whele number

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