Suppose that a small-town theater has six potential customers and islooking to implement price discrimination depending on whencustomers want to attend. Suppose the marginal cost of serving anadditional customer is $1.50. The data provide information about thetime of attendance and willingness to pay for a ticket.CustomerMaximum willingnessTime ofattendanceto payBrandon$7matineeTyler$30eveningAustin$10eveningAlexis$8matineeAshley$20eveningEmily$15matineeWhat should the theater charge for evening tickets?What should the theater charge for matinee tickets?$

The objective of the question is to determine the optimal price for evening and matinee tickets that…

Answered: Suppose that a small-town theater has…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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To recap, W.T.’s planning on the following: Newspaper ad $120 per month Social media manager $100 per month; $1 per job scheduled Payment collection $0.75 per job Gas $4.00 per job Considering his analysis of similar services and to keep things simple, W.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he’ll likely need to create different types of “jobs”. For example, purchasing a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We’ll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total (10…
you have to create your own product to be sold , list of variable and fixed cost , BEP analysis , Target profit ,sales to achive TP , Operation budget
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What is the selling price of a dining room set at Macy's? Assume actual cost is $800 and 42% markup on selling price. Note: Round your answer to the nearest cent. Selling price
An event manager who is planning an annual forum is trying to figure out how much to charge attendees for admission. What registration fee would be needed to break-even given the following? Fixed costs: $3,500 / Variable costs: $95 per person / Anticipated number of attendees: 700 150 100 200 O 50
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F1. Use the Panera annual report to answer this question. You are going to start a fast casual restaurant similar to Panera, You need to figure out what your cost of goods sold will be. You decide to use the 2012 Panera numbers for your assumed cost of goods sold. In particular, you use the "Cost of Food and Paper Products" line item as the basis of your cost of goods sold. You know to compare this to the revenue item "Bakery Cafe Sales, Net". Based on this, what would be a reasonable assumption for your cost of goods sold as a percentage of sales?
View Policies Current Attempt in Progress Burger Queen offers a lunch meal deal for its customers. The customer will get a burger, fry, soft drink, and ice cream for $17. If the customer were to buy each item individually, the cost would be broken down as follows: Burger Fry Soft Drink Ice Cream Using the stand-alone cost allocation, how must of the transaction price should be allocated to the fry, soft drink, and ice cream? (Do not round the intermediate calculations.) $3.40 $3.40 $8.50 $4.25 $4.00 $4.50 $0.5 zero $4.50 $3.20 $3.60 $4.25 $3.40 $4.50 zero $4.50
Ur
A furniture's store is considering tow marketing strategies: a loyalty program that would cost $3,000 and increase revenue by $15,000, or a seasonal sale that would cost $5,000 and increase revenue by $25,000. The store's contribution margin is 30%. Which strategy should they pursue if the goal is to maximize ROMI? What about if the goal is to maximize revenue growth?
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