Homework Help is Here – Start Your Trial Now!
Engineering
Computer Engineering
see picture to solve. Just need to know which formula to use. 6 ticket revenue. B. = B1*B2, =B1*B3, =B2*B4, or =B1*B4 7 concession revenue. B. =B1*B4, =B1*B3, =B2*B4, or =B1*B2 8 profit B. =B1*B4, =B1*B3, =B2*B4, or =B1*B2

see picture to solve. Just need to know which formula to use. 6 ticket revenue. B. = B1*B2, =B1*B3, =B2*B4, or =B1*B4 7 concession revenue. B. =B1*B4, =B1*B3, =B2*B4, or =B1*B2 8 profit B. =B1*B4, =B1*B3, =B2*B4, or =B1*B2

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
See similar textbooks
icon
Related questions
Question
100%
4) see picture to solve. Just need to know which formula to use. 6 ticket revenue. B. = B1*B2, =B1*B3, =B2*B4, or =B1*B4 7 concession revenue. B. =B1*B4, =B1*B3, =B2*B4, or =B1*B2 8 profit B. =B1*B4, =B1*B3, =B2*B4, or =B1*B2
A garage band wants to hold a concert The expected crowd is 2,600. The average expenditure on concessions is $35, Tickets sell for $30 each, and the band's profit is 80% of the gate and concession sales minus a fixed cost of $19.000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit. Write Excel formulas for the unknown values in the model. 1 Expected Crowd 2 Average Concessions Expenditure 3 Fixed Cost 4 Ticket Price 5 Profit percentage 6 Ticket Revenue Concession Revenue 8 Profit =85 (B6+B7)-B3 =B3"(B6+B7) B5 =B5 (B6+B7)+B3 -B5(B6+B7) B1
Transcribed Image Text:A garage band wants to hold a concert The expected crowd is 2,600. The average expenditure on concessions is $35, Tickets sell for $30 each, and the band's profit is 80% of the gate and concession sales minus a fixed cost of $19.000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit. Write Excel formulas for the unknown values in the model. 1 Expected Crowd 2 Average Concessions Expenditure 3 Fixed Cost 4 Ticket Price 5 Profit percentage 6 Ticket Revenue Concession Revenue 8 Profit =85 (B6+B7)-B3 =B3"(B6+B7) B5 =B5 (B6+B7)+B3 -B5(B6+B7) B1
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Computer Networking: A Top-Down Approach (7th Edi…
Computer Networking: A Top-Down Approach (7th Edi…
Computer Engineering
ISBN:
9780133594140
Author:
James Kurose, Keith Ross
Publisher:
PEARSON
Computer Organization and Design MIPS Edition, Fi…
Computer Organization and Design MIPS Edition, Fi…
Computer Engineering
ISBN:
9780124077263
Author:
David A. Patterson, John L. Hennessy
Publisher:
Elsevier Science
Network+ Guide to Networks (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)
Computer Engineering
ISBN:
9781337569330
Author:
Jill West, Tamara Dean, Jean Andrews
Publisher:
Cengage Learning
Concepts of Database Management
Concepts of Database Management
Computer Engineering
ISBN:
9781337093422
Author:
Joy L. Starks, Philip J. Pratt, Mary Z. Last
Publisher:
Cengage Learning
Prelude to Programming
Prelude to Programming
Computer Engineering
ISBN:
9780133750423
Author:
VENIT, Stewart
Publisher:
Pearson Education
Sc Business Data Communications and Networking, T…
Sc Business Data Communications and Networking, T…
Computer Engineering
ISBN:
9781119368830
Author:
FITZGERALD
Publisher:
WILEY
SEE MORE TEXTBOOKS