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

  What is uare''s net income

If UARE, Inc. has sales of 11,300, total assets of 12000, a debt to equity ratio of 1.3 and a return on equity of 15 percent, what is UARE's net income?

  How much higher or lower is the effective annual rate

Midwest Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Midwest versus the rate charged by Rivers..

  What is the fund required rate of return

If the market's required rate of return is 13% and the risk-free rate is 3%, what is the fund's required rate of return? Round your answer to two decimal places.

  Calculate the expected return for the two stocks

Calculate the expected return for the two stocks

  What is the cross-rate in terms of yen per pound

Suppose the Japanese yen spot exchange rate is 118 yen = $1.00, and the British pound spot exchange rate is 1 pound = $1.81.

  Financial analysis of dpr construction inc

The Final Project will involve applying the concepts learned in class to an analysis of a company using data from its annual report. Using the concepts from this course, you will analyze the strengths and weaknesses of the company and write a repo..

  Present value of this 20-year cash flow

What is the present value of this 20-year cash flow? Use an 7% discount rate.

  The dangerous morality of managing earnings

After reading "The Dangerous Morality of Managing Earnings" write an essay that includes the following elements:

  A 10-year bond is issued with a face value of 1000 paying

a 10-year bond is issued with a face value of 1000 paying interest of 60 a year. if market yields increase shortly

  Calculate the option profit to the trader

It is April and a trader buys 100 September put options with a strike price of $21. The stock price is $17.63 and the option price is $4.74. At the expiration, the stock price becomes $18.01. Calculate the option profit to the trader.

  Compute the price of stock

The Mann Corporation belongs to a risk class for which the appropriate discount rate is 10%. Mann currently has 100,000 outstanding shares selling at $100 each.

  Define assessing investment opportunities

ARR suffers from a very major defect as a means of assessing investment opportunities. Can you reason out what this is? Consider the three competing projects whose cash flows are shown below.

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