A baseball team plays in a stadium that holds 50000 spectators. With the average attendance has been 19000. When the price dropped to $6, the 25000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
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- T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 40,000. Assume the stadium sells out all six home games before the season begins and the athletic department collects $31 million in ticket sales.1. What was the average price per season ticket and average price per individual game ticket sold? (Round your answers to the nearest dollar amount.)The demand for monorail service in Las Vegas in 2005 can be approximated by q=-4500p+41500 rides per day when the fare was $p. What price should have been charged to maximize the total daily revenue?Concordia College is planning a concert. Maximum capacity for the concert venue is 3,000. tickets will be sold for $25 per ticket. The college estimates that costs of producing the concert to be 2,500 plus the cost of the band. Alternative A a fee of $8,000 and $5 per tickets; or Alternative B - $8.00 per ticket sold at what tickets sales level will the two proposal provide the same profite of loss result? 2.What is the breakeven point in terms of tickets sold for Alternative A 3. What is the breakeven point in terms of tickets sold for Alternative B (Use the Equation Method)? 4. If you expect to see 3,000 tickets, which alternative produces the highest profit?
- Information we know about a company Cleaning company Ltd is that the price of their cleaning service is: 45 €/hour + 50 €/case. In 2022 Cleaning company Ltd has had 70 cleaning cases and in those they have cleaned totally 480 hours. According to this information, what is their sales revenue in 2022? a) 21600 €, b) 25600 €, c) 45600 €, d) none of the choices is correct 21600 € 25600 € 45600 € none of the choices is correctThe Houston Armadillos, a minor-league baseball team, play their weekly games in a small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $10 each. The franchise owner estimates that the team’s annual fixed expenses are $180,000, and the variable expense per ticket sold is $1. (In the following requirements, ignore income taxes.) Required:1. Prepare a fully labeled profit-volume graph for the Houston Armadillos.2. What is the safety margin for the baseball franchise if the team plays a 12-game season and the team owner expects the stadium to be 30 percent full for each game?3. If the stadium is half full for each game, what ticket price would the team have to charge in order to break even?After reading through the information I'm a little confused on a few of the equations and why and where they pull info from each of the answers. After reading through the problem the three things needed are: A. Operating Income (annual) for the new WSM service? B1. What annual operating income can WSM expect from adopting Internet ticket sales? (More info is in the picture attached in the b-1. section) C. Ignoring the information in requirement (b), how many discounted tickets would WSM have to sell annually to earn an operating income of $4,800,000? Assume that the annual number of flights remains at 1,400 and that the discounted tickets would be evenly divided across the 1,400 flights.
- You received the following financial statement from Bok Traders who manufacture replica rugbyjerseys. The managing director, Mr Erasmus, has asked for your assistance to determine whether themarketing manager’s proposal is a viable option in helping to boost the company’s revenue. In thecurrent financial year 40 000 jerseys were sold, which was 60 000 jerseys less than what was soldpreviously.STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2021DETAILS RSales 8 800 000Cost of Sales (4 500 000)Gross Profit 4 300 000Other operating income 1 200 000Gross operating income 5 500 000Operating expenses (3 400 000)Operating profit 2 100 000Interest income 195 000Profit before interest expense 2 295 000Interest expense (475 000)Profit before tax 1 820 000The marketing team, through their research, has indicated that if the selling price was reduced by 25%,then unit sales would increase by 60% for the next financial year.Together with the marketing department’s research, the…A garage band wants to hold a concert. The expected crowd is 2,100. The average expenditure on concessions is $35. Tickets sell for $30 each, and the band's profit is 85% of the gate and concession sales minus a fixed cost of $20,000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit.A company is considering the end of the year rental of a copying machine that costs P 1,000 the first year, and increasing by P 200 every year there after up to the fifth year. What is the equivalent amount to be paid at the end of the first year of all the rentals? Use i = 10%. Choices:a. P 2,660b. P 5,163 c. P 5,679d. P 2,418 Show solution. Do not use excel. Ans C
- The College is planning a concert. Maximum capacity for the concert venue is 3,000. tickets will be sold for $25 per ticket. The college estimates that costs of producing the concert to be 2,500 plus the cost of the band. Alternative A a fee of $8,000 and $5 per tickets; or Alternative B - $8.00 per ticket sold Question 1. If you expect to see 3,000 tickets, which alternative produces the highest profit?. Using a MARR of 15%, the preferred Alternative is:TABLE P6-82 Data for Problems 6-82 through 6-85 A B C D ECapital investment $60,000 $90,000 $40,000 $30,000 $70,000Annual expenses 30,000 40,000 25,000 15,000 35,000Annual revenues 50,000 52,000 38,000 28,000 45,000Market value at EOY 10 10,000 15,000 10,000 10,000 15,000IRR ??? 7.4% 30.8% 42.5% 9.2%(a) Do nothing (b) Alt. A (c) Alt. B(d) Alt. C (e) Alt. D (f) Alt. EAppliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price, D. If overhead expenses are at 27% of the cost, what is the break-even price of the TV set? E. If the TV set is sold at PhP7,500, how much profit or loss is incurred by Appliance Store? pls. show all the solutions