+1-415-670-9189
info@expertsmind.com
How many paying customers are needed
Course:- Marketing Management
Reference No.:- EM13739080




Assignment Help
Assignment Help >> Marketing Management

Use the Formula below:

Profit = Revenue (Sales) - Total Cost

Total Cost = Fixed Cost + Variable Cost

Break-even occurs when the revenue equals to the total cost, at 0 profit (Revenue (Sales) = Total Cost)

1. How many paying customers do we need to break even for the Event A below.

2. If the Event A organizer plans to make a profit of $35,0000, how many paying customers are needed?

Event A

The admission price: $8.00

Fixed cost: $25,000.00

Each patron generates $2.00 in additional costs

3. The Event B organizer needs to decide the admission price. Calculate the admission price to break even.

4. If the admission ticket sets at $10.00, how much is the profit of Event B?

Event B

Fixed cost: $36,000.00

Variable cost: $2.00 per attendee

Estimated attendance: 12,000 attendance.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Marketing Management) Materials
Explain the key role incentives play in direct response advertising and provide examples to illustrate.- Explain the workings of loyalty schemes using a specific example to il
According to the results, what is your VALS profile type? Do you agree with your consumer profile? Why or why not? How can retailers effectively use the resultsof this surve
Determine the primary and secondary target markets for your company. Next, analyze the primary and secondary target markets that you identified for your company. Be sure to
Top managers utilize the BCG matrix to answer what question? Draw and label the BGC Matrix? Provide examples of the BGC Matrix and what it means for international marketing
Explain the importance of information technology and systems in businesses today. Include at least one (1) real-world industry example where you believe information technolo
If a manufacturer produces an acceptable product, but fails to provide adequate instructions for use or warnings against particular use, then this could be considered
A 0.12 kg bullet traveling at 1129 mph hits a 6 kg block of wood and stays in the wood. What is the velocity (speed) of the wood block immediately after the bullet hits it?
Identify one current struggling consumer product. In a paper of 750 words, present a rebranding strategy for the product, including the following: A new name and Changes in pa