Homework Answers
Tickets Dollars required to be sold = $205902 = 13284 tickets X $15.50
Tickets required to be sold = 13284 tickets
Tickets required to be sold = Target profit + Fixed cost / Contribution margin = (153846.15+123000)/20.84 = 13284 tickets
Target profit = 100000/65% = $153,846.15
Fixed Cost = 23000+100000 = $123000
Contribution Margin = Revenues - Variable expenses = (15.50+2.50+18.00)-(6+2.16(18*12%)+7) = $20.84
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5. Assuming a tax rate of 35% on profits from the concert, what must dollar ticket...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit Ceres, a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management agrees...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management agrees...
This problem contains three parts. In Part A, you are asked to determine the parameters of...
This problem contains three parts. In Part A, you are asked to determine the parameters of the profit equation - CM and FC. You should not move on to Parts B and C until you have completed Part A. The correct profit function parameters will be given to you after you have completed Part A, and you should use them in Parts B and C instead of your own answers. This problem is worth 20 points. Parts A and B...
Only Part C, please. Part A (8 tries; 8 points) 1. What is the estimated contribution...
Only Part C, please.
Part A (8 tries; 8 points) 1. What is the estimated contribution margin per ticket sold for the benefit concert? 13.7600 2. What are the estimated total fixed costs for the benefit concert? 106000 TER! 以前的尝试 SHE BESE 159-7840 © Your answers are correct, but just to make sure that there are no rounding issues, use $13.76 for the estimated contribution margin per ticket sold and $106,000 for the estimated monthly fixed costs in Parts B...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit Ceres, a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management...
The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management agrees...
This problem contains three parts. In Part A, you are asked to determine the parameters of the profit equation - CM and FC. You should not move on to Parts B and C until you have completed Part A. The correct profit function parameters will be given to you after you have completed Part A, and you should use them in Parts B and C instead of your own answers. This problem is worth 20 points. Parts A and B...
Only Part C, please.
Part A (8 tries; 8 points) 1. What is the estimated contribution margin per ticket sold for the benefit concert? 13.7600 2. What are the estimated total fixed costs for the benefit concert? 106000 TER! 以前的尝试 SHE BESE 159-7840 © Your answers are correct, but just to make sure that there are no rounding issues, use $13.76 for the estimated contribution margin per ticket sold and $106,000 for the estimated monthly fixed costs in Parts B...
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