the answer i am looking for in this problem is in yellow but ill write it here too. 1. The scenario output is all im looking for?
the answer i am looking for in this problem is in yellow but ill write it here too. 1. The scenario output is all im looking for?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
the answer i am looking for in this problem is in yellow but ill write it here too.
1. The scenario output is all im looking for?
![4 Model from Chapter 11, #21
Alternate Scenarios
5.
6 DATA
Optimistic Likely
Pessimistic
7 Expected Crowd
8 Ave Concession Spending
Expected crowd size:
Average concession spending:
2500
4500
2500
1500
$25
$40
$25
$10
9 Ticket Price
10 Band keeps
$20
80%
11 Fixed Cost
18,000.00
Fixed costs:
$10,000
$18,000
$25,000
12
13 MODEL
14 Ticket Revnue
15 Concession Revenue
16 Total Revenue
17 Reveue for Band
$50,000
$62,500
S112,500
$90,000
18
19 Fixed cost
18,000.00
20
21 Profit
$72,000
22
23 The scenario output is all l'm looking for.
24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2067ff10-2ad5-4566-bfe7-efed06bd800b%2Ff350eaa7-bddd-4165-9590-b99173ec7b8e%2Fx189pen_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4 Model from Chapter 11, #21
Alternate Scenarios
5.
6 DATA
Optimistic Likely
Pessimistic
7 Expected Crowd
8 Ave Concession Spending
Expected crowd size:
Average concession spending:
2500
4500
2500
1500
$25
$40
$25
$10
9 Ticket Price
10 Band keeps
$20
80%
11 Fixed Cost
18,000.00
Fixed costs:
$10,000
$18,000
$25,000
12
13 MODEL
14 Ticket Revnue
15 Concession Revenue
16 Total Revenue
17 Reveue for Band
$50,000
$62,500
S112,500
$90,000
18
19 Fixed cost
18,000.00
20
21 Profit
$72,000
22
23 The scenario output is all l'm looking for.
24
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