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

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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