Mrc1023 Auburn Circular Club

660 WordsOct 31, 20113 Pages
MANAGEMENT AND COST ACCOUNTING MRB1022/MRC1023 Group Assignment – Case 5 AUBURN CIRCULAR CLUB PRO RODEO ROUNDUP AUBURN CIRCULAR CLUB PRO RODEO ROUNDUP 1. Yes, it was necessary for Shelley Jones to stipulate that she wanted a fund-raiser. Reasons: 1. Become the target / KPI for the fund raised. 2. Auburn Circular Club will be recognised by the community. 3. Contribution for the community. 4. Sense of responsibility for fund-raiser. 5. Ensure continuity of the rodeo event for future year with sufficient fund. 2. What Jonathan Edmunds meant was lost in the year event of $8,326 would contribute as amount invested to build the image of Auburn Circular Club. 3. Yes, Jonathan’s comment is consistent…show more content…
By assuming the average price of the ticket $8 ($8+$10+$6+$8 / 4) Attendance = $33,773 / $8 = 4,222 patrons The event was held for 3 days, attendance for one day = 4,222 / 3 = 1,407 patrons Since the arena could hold 2,500 patrons, the facilities at the fairgrounds are adequate to handle crowds. 10. Auburn Circular Club Budgeted Income Statements for year 2 Receipt Contribution from sponsor $25,600 Receipt from ticket sales $65,625 Total receipt $91,225 Expenses Livestock contractor $26,000 Prize money $21,000 Sponsor signs for arena $ 2,211 ($1,900 x 116.364%) Insurance $ 600 Ticket printing $ 525 ($1,050 x 50%) Sanctioning fees $ 925 Entertainment $ 859 Judging fees $ 750 Rent $ 600 Utilities $ 300 Interest expense $ 300 Miscellaneous Fixed cost $ 100 Total expenses $53,870 11. The expenses are not related to Shelley purchases of rodeo clothing relevant cost. Why? This is because the expenses by Shelley’s are personal expenses and not related to the club

    More about Mrc1023 Auburn Circular Club

      Open Document