A garage band wants to hold a concert

Assignment Help Other Subject
Reference no: EM13287494

"A garage band wants to hold a concert. The expected crowd is 3,000. The average expenditure on concessions is $15. Tickets sell for $10 each, and the band’s profit is 80% of the gate, along with concession sales, minus a fixed cost of $10,000. To clarify, the band only gets 80% of the all of the revenue including both ticket sales and concession sales.

Assume for now that all of the input variable are known with certainty and that the concert venue has sufficient capacity to hold 3200 people. However, for your first Base Model, let’s IGNORE the concert venue capacity constraint. In other words, pretend that the venue can hold an unlimited number of people.

Your goal is to build a spreadsheet model that will allow you to do things like find the breakeven level of ticket sales and do some sensitivity analysis to some of the inputs."

Reference no: EM13287494

Questions Cloud

Compute the max height above the ground : A gray kangaroo can bound across level ground with each jump carrying it 9.2 from the takeoff point. what is the max height above the ground
Find the lumped element values of the open-circuited line : An open-circuited 50 Ω microstrip transmission line is used ina microwave amplifier circuit to provide a capacitance of 3.2 pF at2.3 GHz. (a) Find the appropriate electrical length of the line
Explain the barometric pressure in a cavern : The barometric pressure in a cavern was measured using a mercury barometer. A value of 74.2 cm of Hg was obtained. How many atmospheres is this
Specify the dimensions having zero-thickness outer conductor : A transmission line constructed from perfect conductors and airdielectric is to have a maximum dimension of 8mm for its crosssection. The line is to be used at high frequencies. Specify the dimensions if it: (a) a two-wire line with Zo = 300 Ω
A garage band wants to hold a concert : "A garage band wants to hold a concert. The expected crowd is 3,000. The average expenditure on concessions is $15. Tickets sell for $10 each, and the band’s profit is 80% of the gate, along with concession sales, minus a fixed cost of $10,000. To cl..
Explain the empirical formula of a compound : Determine the empirical formula of a compound that is 36.86% N and 63.14% O by the mass
Formal organization and the informal organization coexist : Can the formal organization and the informal organization coexist within the same organizational structure? Why, or Why not?
Determine the energy delivered in the time interval : The charge entering the positve terminal of an element is given by the expression q(t)=-12e^(-2t) mC. The power delivered to the element is p(t)=2.4e^(-3t) W. Compute the current in the element, the voltage across the element,
What is the variance of the distribution : David Axehead sells new cars for Axehead Ford. David usually sells the largest number of cars on Saturday. He has developed the following probability distribution for the number of cars he expects to sell on a particular Saturday.

Reviews

Write a Review

Other Subject Questions & Answers

  Development of political and social structures

Discuss the development of political and social structures that produced a strong sense of community and cultural unity among Greeks during the Archaic Age.

  Ethical philosophy to analyze the situation

Regina is chairperson of her city's United Fund campaign. In her annual preparations meeting with her staff of canvassers, she gives this advice: "Hit the business places first. Don't approach anyone who is walking alone in a hall or working alone in..

  Holdout in the deliberations

During the trial of Dennis Kozlowski, former CEO of tyco, a juror's identity was revealed and her picture was printed in two newspapers with stories that depicted her as the holdout in the deliberations.

  Displacement upstream

A boat moves through the water of a river at 15 m/s relative to the water, regardless of the boat's direction. If the water in the river is flowing at 1.5 m/s, how long does it take the boat to make a round trip consisting of a 220 m displacement dow..

  Different stages of moral development

Explain three (3) ways Kohlberg’s Stages of Moral Development can be applied to the evaluation of three (3) types of criminals who are at different stages of moral development.

  Managing the risk

How do justice and security organizations manage risk and what are the costs associated with managing this risk?

  How giant superstores assist or hurt american capitalism

When large stores move into small communities, many smaller stores can't compete with them and go out of business. Do these giant superstores help or hurt American capitalism?

  Examine specific learning theory and recent employer

Examine a specific learning theory and relate it to your current or most recent employer.I am employed by the U.S. Army. Discuss whether or not the use of this theory would generate the same results in any other organization.

  Essential characteristic of sonata form

The is an essential characteristic of sonata form

  Two stars ub a binary ststem orbit around a common point

Two stars ub a binary ststem orbit around a common point that is

  Use of productivity standards-sales volume and schedules

In the restaurant industry, how do you manage payroll costs through the use of productivity standards, sales volume, and schedules.

  Speech for the annual convention of citizens

You have been asked to prepare a speech for the annual convention of Citizens for a Greener Planet, a national environmental group, on the idea of sustainable development. Since many of your listeners are not scientists, you want to use examples that..

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