Planning to present performances

Assignment Help Financial Management
Reference no: EM13846793

The Oviedo Thespians are planning to present performances of their Florida Revue on 2 consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to raise $1,000 for their organization?

1,314 tickets

1000 tickets

1,112 tickets

1,223 tickets

Reference no: EM13846793

Questions Cloud

In what ways does technology negatively impact your life : Have these technological advancements improved your quality of life? Explain. In what ways does technology negatively impact your life? People often talk about the modern conveniences provided by technology, but they rarely discuss the long-term ef..
Process differ from the domestic sourcing process : How does the worldwide sourcing process differ from the domestic sourcing process?
Report for man creativity and innovation. : This is a weekly report for MAN creativity and innovation. It should be an idea of what I would create. Theme is design creation. The process that goes into coming up with an idea or plan. It should not be very long. Also, I need answers to following..
How to define the effectiveness and ineffectiveness : How to define the effectiveness and ineffectiveness of the total quality management in a contingency perspective/approach
Planning to present performances : The Oviedo Thespians are planning to present performances of their Florida Revue on 2 consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance and professional musicians. The theater will also take 10% of ..
What are the primary sources of emissions : What are the primary sources of emissions? What is the industrial or agricultural profile of the country? What are the similarities and differences in the fuel sources, emissions, and consumption between the two countries
We begin our course study, we learn from gray : As we begin our course study, we learn from Gray and Larson (2014) that project-oriented work has been responsible for much of humankind's greatest accomplishments. Gray and Larson (2014) noted that, "project management provides people with a powerfu..
Firm has marginal tax rate-initial cash outflow : Delta Inc. is considering the purchase of a new machine which is expected to increase sales by $10,000 in addition to increasing non-depreciation expenses by $3,000 annually. The firm has a marginal tax rate of 34 percent, and its required rate of re..
Measure of the operating effectiveness of firms management : Which of the following financial ratios is the best measure of the operating effectiveness of a firm's management?

Reviews

Write a Review

Financial Management Questions & Answers

  The present value interest factor for an ordinary annuity

The present value interest factor for an ordinary annuity is:

  What is the new divisor for the price-weighted index

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $36, $312, and $82, respectively. If Baker undergoes a 3-for-2 stock split, what is the new divisor for the price-weighted index?

  What will be your real and nominal return

What will be your nominal return over the two years if inflation is 3% in the first year and 5% in the second? What will be your real return? Now suppose that the bond is a TIPS. What will be your real and nominal return?

  What is the profitability index if the discount rate

The Company X. is currently considering a project that will produce cash inflows of $12,000 a year for three years followed by $6,500 in year four. The cost of the project is $38,000. What is the profitability index if the discount rate is 7 percent?

  Calculate the dollar amount of purchases

Calculate the dollar amount of purchases and then using that result , calculate the dollar amount of cash paid to suppliers using the following data

  What was the semi-annual current yield

The City of Ames issued a new series of bonds on Jan 1, 2009. The bonds were sold at par ($1,000), have a 3.5% annual coupon rate and mature in 10 years, on Jan 1, 2019. Coupon interest payments are made semi-annually (on June 30 and December 31). Wh..

  Find what is the project''s net present value

The initial cost of the fixed assets is $61,000. These assets will be worthless at the end of the project. An additional $4,500 of net working capital will be required throughout the life of the project.

  From an economic perspective are these policies beneficial

What has been the effect of higher minimum wage laws in cities such as Seattle, WA? Draw a graph showing the effect these laws have on market for low-skilled labor and upon consumer and supplier surplus (Be careful!). Who benefits from these increase..

  Compounding frequency and time value

Compounding frequency and time value: You plan to invest $2,000 in an individual retirement arrangement (IRA) today at a nominal annual rate of 8%, which is expected to apply to all future years.

  Annual cash flows-what is the future value of the account

Annual cash flows-If the interest rate on deposits is 5.5% and the payment day 1 is $85 instead of after one year, what is the future value of the account at the end of five years? If the hurdle rate is 5.5% what is the PV of these cash flows? If it ..

  Evaluation of performance of business

The evaluation of performance of business units in either Tesco or Carrefour using financial and non-financial measures.

  What is the firms after-tax cost of debt

5 years ago, Barton Industries issued 25-year no callable, semi annual bonds with a $1,900 face value and a 10% coupon, semi annual payment ($95 payment every 6 months). The bonds currently sell for $845.87. If the firm's marginal tax rate is 40%, wh..

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!

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