User Account

All Pages

Gate and concession sales

Assignment Help Finance Basics
Reference no: EM131728709

A garage band (imagine Metallica in early days) wants to hold a concert.

  • Suppose that the expected crowd is normally distributed with a mean of 3,000 and standard deviation of 200. 
  • The average expenditure on concessions is $15. 
  • Tickets sell for $10 each.
  • The band's profit is 80% of the gate and concession sales, minus a fixed cost of $10,000. 
  • Use the NORM.INV function and a one-way data table to conduct a Monte Carlo simulation with 25 trials to find the distribution of the expected profit.

Reference no: EM131728709

Questions Cloud

Describe some of the companys response strategies : Describe some of the company's response strategies. Identify the role of IT as a contributor to the business technology pressures (for example, obsolescence).
Every organization adheres to certain cultural values : Every organization adheres to certain cultural values. Sometimes they are obvious, sometimes not. Frankly, some values are good and some are not.
Statement of the decision problem : Which of the following is not included in the statement of the decision problem?
Discuss inventory and out to finished goods inventory : Direct materials costs were $310,000 and direct labor costs were $167,000 during July, when the Fabrication Department handled
Gate and concession sales : The band's profit is 80% of the gate and concession sales, minus a fixed cost of $10,000.
Describe the situation faced by the organization : Describe the situation faced by the organization at a particular moment in time: what problem(s) was the organization dealing with?
Mock training program for a company : Your task is to develop a mock training program for a company. You will submit an agenda , the issues that are being addressed, what the training aims.
What is the publics perception of the policy : What are we currently doing, why are we doing it this way, what is the public's perception of the policy? Assess how well it is or is not working
Activity measure to apply both variable and fixed overhead : Assume that the company uses only machine hours as the activity measure to apply both variable and fixed overhead

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine the annual net pretax benefits

The Chicago bank has agreed to process Jackson's customer payments for an annual fee of $130,000. Determine the annual net pretax benefits to Jackson's of establishing a lockbox system with the Chicago bank.

  Initial investment-basic calculation

Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased 3 years ago at an installed cost of $20,000; it was being depreciated under MACRS  using a 5-year recovery per..

  What approaches should included in a personal financial plan

What approaches should be included in a personal financial plan to address and minimize future risks with respect to these concerns?

  Define use of a financial-service customer information

Why must we be concerned about privacy in the sharing and use of a financial-service customer's information? Can the financial system operate efficiently.

  If the discount rate is 12 the net present value of the

baldock inc. is considering the acquisition of a new machine that costs 420000 and has anbsp useful life of 5 years

  Are the given statement true or not and why or why not

Are the following statements correct? Why or why not?- Virtually any difference between the population means will lead to statistically significant sample results if the sample sizes are sufficiently large.

  Define default risk and exchange rate risk and moral hazard

Define default risk, asymmetric information, adverse selection, moral hazard, interest rate risk, liquidity risk, and exchange rate risk.

  Compute the cash collections from sales for each quarter

The beginning accounts payable balance is $72 million. Assuming all sales on credit, compute the cash collections from sales for each quarter.

  Assume interest rate of 6 a company receives cash flows of

assume interest rate of 6. a company receives cash flows of 104875 at the end of years 4 5 6 7 and 8 and cash flows of

  Which core principles could you use to explain why credit

which core principles could you use to explain why credit card issuers charge such high rates of

  Briefly define e-business and e-commerce

List and describe the four basic subprocesses completed in processing business event data using batch processing.

  An investor has 50000 in a risky mutual fund and 30000

an investor has 50000 in a risky mutual fund and 30000 invested in t-bills with a return of 5. the mutual fund has an

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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