Walt disney world charges residents of florida

Assignment Help Accounting Basics

Reference no: EM131101744

Walt Disney World charges residents of Florida lower prices for various theme park ticket packages than it charges non- Florida residents. For example, in 2013 an adult Florida resident was charged $190.64 for a three-day "Magic Your Way" package that included lodging at a Disney Resort hotel and a ticket to one theme park per day. The price of the same package for a non-Florida resident was $326.96.

a. What is Disney assuming about the willingness to pay of Florida residents? Why might it make this assumption?

b. How might Disney keep Florida residents from buying Walt Disney World tickets at discounted prices and reselling them to non-Florida residents at higher prices?

c. Disney offers discount tickets to students at universities located in Florida, but does not offer discount tickets to students at most universities in other states. Briefly explain Disney's strategy. Would you expect the discount Disney offers to students at Florida universities to be higher or lower than the discount it offers to other residents of Florida? Briefly explain.

Reference no: EM131101744

Questions Cloud

The sole proprietor of a trampoline shop : Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $25,000. The land, acquired in 1984, had an allocable basis of $40,000. Larry has additional parking across the street and plans to use t..

Explain about amun at karnak and luxor : Explain about Amun at Karnak and Luxor. Using at least research source outside of our text, pick out a specific feature of one or the other and tell what you think this feature tells us about the Egyptian religion or the kingship.

Financial statements-adjusting and closing entries : (Financial Statements, Adjusting and Closing Entries) The trial balance of Belle my Fashion Center contained the following accounts at November 30, the end of the company's fiscal year.

What is the unit price at this oint of optimal demand : What is the unit price at this oint of optimal demand?

Walt disney world charges residents of florida : Walt Disney World charges residents of Florida lower prices for various theme park ticket packages than it charges non- Florida residents. For example, in 2013 an adult Florida resident was charged $190.64 for a three-day "Magic Your Way" package ..

Why do so many cultures have divinities in similar roles : Write a 150- to 350-word short essay addressing the following: Why do so many cultures have divinities in similar roles? How is this divinity portrayed? Describe the divinity's role within the myth.

Meeting the hospital director : In your recent staff meeting the Hospital Director showed up with a huge box of LEGOs and asked everyone to break up in teams and design a new concept from LEGOs to help solve a problem of poor patient satisfaction.

Evaluate the issues raised by each of the directors : Calculate the total profit on each of Advance Limited's three types of product using the existing method based upon labour hours to attribute overheads and evaluate the labour hours and the activity based costing methods to the circumstances of Adv..

Marginal cost curve-firm would more money by shutting down : The Murphy Corporation’s marginal cost curve is MC = 4 + 3Q, where MC is the cost (in dollars) of production the Qth unit of its product and Q is the number of units of its product produced per day. The price of a unit of Q is $3. A recent graduate o..

User Account

All Pages