Calculate all the assumptions including ticket sold at booth

Assignment Help Business Management
Reference no: EM131384689

Assignment: Apply Your Knowledge

FunTown is a popular amusement park filled with roller coasters, games, and water features. Boasting 24 roller coasters, 10 of which exceed 200 feet and 70 miles per hour, and five water parks, the park's attendance remains steady throughout the season. Due to the park's popularity, it is not uncommon for entrance lines to exceed one hour on busy days. FunTown would like your help to find a solution to decrease park entrance lines.

FunTown would like to implement a handheld scanner system that can allow employees to walk around the front gates and accept credit card purchases and print tickets on the spot. The park anticipates an overall increase in sales of 4 percent per year with online ticketing, with an expense of 6 percent of total sales for the scanning equipment.

Please use the data file (on the attachment) that FunTown has provided, that compares scanning sales and traditional sales. You will need to create the necessary formulas to calculate all the assumptions including:

• Tickets sold at the booth.
• Tickets sold by the scanner.
• Revenues generated by booth sales.
• Revenues generated by scanner sales.
• Scanner ticket expense.
• Revenue with and without scanner sales.
• Three year row totals
• (***Your task is, for each yellow cell, to figure out which factors from the given data need to be combined arithmetically (could be multiplication, could be addition, could be only one factor is needed) and create the formula that executes that combination.)***

Attachment:- Data.xlsx

Reference no: EM131384689

Questions Cloud

Demonstrate the process of creating an outline prior : Demonstrate the process of creating an outline prior to creating a draft of an academic paper. Synthesis of the previous research on good decisions that results in a general definition of good decision making.
Write algorithm to calculate total expences : Write algorithm to calculate total expences
Construct an individuals and a moving range chart : Construct an individuals and a moving-range chart on the data before process improvement changes are made and comment on process stability.
Construct an appropriate control chart : The time from product inception and design to marketing and sales is important for application software in mobile devices.- Construct an appropriate control chart and comment on the organization's responsiveness to market needs.
Calculate all the assumptions including ticket sold at booth : Please use the data file that FunTown has provided, that compares scanning sales and traditional sales. You will need to create the necessary formulas to calculate all the assumptions including Tickets sold at the booth.
Find the modified control limits for the process mean : It is desirable for the process nonconformance to be within 1.5%. If the acceptable level of type I error is 0.05, find the modified control limits for the process mean.
Find the modified control limits for the process mean : Refer to given Example and the data for the nitrogen content in a certain fertilizer mix. Ifit is desired that the proportion nonconforming be within 0.5% and the level of type I error be limited to 0.025, find the modified control limits for the ..
Briefly explain vaughan theory : In your response, briefly explain Vaughan's theory. Explain how this type of communication within one of the organizations (Ford Motor Company, NASA, B.F. Goodrich, and Volkswagen) altered the behavior of the employees
Find the modified control limits for the process mean : It is desirable for the process nonconformance to be within 1.5%. If the acceptable level of type I error is 0.05, find the modified control limits for the process mean.

Reviews

Write a Review

 

Business Management Questions & Answers

  Why would the others factors have lesser effects

Why those? Why would the others factors have lesser effects? Explain in detail. Which cultural factors have the greatest effect upon the operations of an international logistics firm?

  Design influences paperwrite a paper based the hilton

design influences paperwrite a paper based the hilton hotels corporation1. four functional business areas- finance-

  Please provide truthful answers to the questions so

please provide truthful answers to the questions so important feedback can be provided and you can be given timely

  Advertising public relations personal selling

Part A  what are the advantages and disadvantages of advertising public relations personal selling and sales promotions from the perspective of a small independent retailer?

  Assignment-case study analysis-case-hospital debt

Complete a detailed case study analysis of the given case, using the process described in the following chapter of your course textbook Strategic Management of Health Care Organizations:

  New market for primark to expand in to

You have been appointed as a management consultant to undertake research in to a new market for Primark to expand in to. You will be required to submit the report on the 24th November 2014 and your report should cover the following areas;

  Calculate the 2015 profit margin for employer

Calculate the 2015 profit margin for each employer which is net income divided by sales/revenue, and also determine 2015 earnings per share which is the number in the EPS (Diluted) row.

  Calculate the efficient quantity of waste

(a) Calculate the efficient quantity of waste. (b) What is the efficient fee, in dollars per unit of waste, which would cause the firm to dump only an efficient quantity of waste? (c) What would be the quantity dumped if the firm did not care about..

  Kant categorical imperative

Provide examples from your own experience. How does the justification of "Everybody's Doing It" align with Kant's Categorical Imperative? In your responses to other students, consider how your answers and experiences compare with others.

  Find success factors for genetically modified organism

Based on your previous study of Monsanto and this study of Bayer, find success factors for the genetically modified organism (GMO) industry.

  Explain and identify the fixed path

Explain and Identify the fixed path and variable path material-handling equipment commonly found in supermarket.

  Why is value chain analysis so useful to companies

How are Porter's three generic strategies, a top-line versus bottom-line approach, and the RGT framework similar?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd