Question

Learning Objective: Estimate Receipts
Preston's Parties specilized in custom birthday parties for children for an average price of $1600. He receives a 20% deposit two months in advance, a payment of 50% one month in advance and the remaining 30% on the day of the party. Preston anticipates the following number of parties for each of the next six months:
March	5
April	3
May	15
June	4
July	5
August	2
Part A: calculate expected revenue for March - August
March
April
May
June
July
August
Total Revenue	-

Answer 1

No. of parties 5 3 15 March April |May June July August Total revenue Price Expected revenue $1,600 $ 8,000 $1,600 $ 4,800 $1,600 $ 24,000 $ 1,600 $6,400 $1,600 $8,000 $ 1,600 $3,200 $ 54,400 5 2