(in millions) 2013 2012 2011 Ticket revenue 1,831 1,642 1,220 Concessions revenue 892 687 411 Total...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(in millions) 2013 2012 2011 Ticket revenue 1,831 1,642 1,220 Concessions revenue 892 687 411 Total revenue 2,723 2,329 1,631 Cost of goods sold-tickets 951 854. 549 Cost of goods sold-concessions Total cost of goods sold 70 69 48 1,021 923 597 Total gross profit 1,702 1,406 1,034 a. Calculate the total revenue change (revenue growth) in percentage for 2011/2012 and i mi mim m meen A w m 2012/2013. b. Calculate gross profit margins for tickets and concessions for all three years. c. Calculate an overall gross profit margin for EU Theaters Inc. for all three years. wm w w wwi d. Calculate the change in percentage in total gross profit margin. e. Please comment on the trend over the years 2011, 2012 and 2013 for the company EU Theaters. (in millions) 2013 2012 2011 Ticket revenue 1,831 1,642 1,220 Concessions revenue 892 687 411 Total revenue 2,723 2,329 1,631 Cost of goods sold-tickets 951 854. 549 Cost of goods sold-concessions Total cost of goods sold 70 69 48 1,021 923 597 Total gross profit 1,702 1,406 1,034 a. Calculate the total revenue change (revenue growth) in percentage for 2011/2012 and i mi mim m meen A w m 2012/2013. b. Calculate gross profit margins for tickets and concessions for all three years. c. Calculate an overall gross profit margin for EU Theaters Inc. for all three years. wm w w wwi d. Calculate the change in percentage in total gross profit margin. e. Please comment on the trend over the years 2011, 2012 and 2013 for the company EU Theaters.
Expert Answer:
Answer rating: 100% (QA)
Solution a Revenue change for 201112 is 232916311631100 4279 Revenue change for 201213 ... View the full answer
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
Students also viewed these accounting questions
-
In 2013, Macys reported cost of goods sold of $ 16.5 billion, ending inventory for 2013 of $ 5.3 billion, and ending inventory for the previous year (2012) of $ 5.1 billion. Required: If the cost of...
-
Cost of goods sold is $100,000. Accounts payable increased by $2,000. Inventory increased by $5,000. Cash paid to suppliers is: Multiple Choice $107,000. $103,000. $100,000. $93,000.
-
Consider the market for petrol. Which of the following changes would most likely lead to a decrease in supply? Group of answer choices (a) An increase in the price of petrol cars. (b) The cost of oil...
-
On average, which group of borrowers would have to pay a higher effective rate for its short-term loans, those who are required to put up collateral or those who are not? Explain.
-
Sea Star Company manufactures diving masks with a variable cost of $12.50. The masks sell for $ 17.00. Budgeted fixed manufacturing overhead for the most recent year was $396,000. Actual production...
-
Buch Corporation purchased Machine Z at the beginning of Year 1 at a cost of $100,000. The machine is used in the production of Product X. The machine is expected to have a useful life of 10 years...
-
Discuss the difference between historical and forecasted (or pro forma) financial statements. How are these different sets of financial statements used by managers and shareholders for...
-
In 2014 Marquette County opened a landll that was expected to accept waste for four years. The following table indicates the estimates county ofcials made at the end of each of the four years:...
-
Assume instead that Stony Harbor is located in a different country and the local currency is the functional currency. See instructions below to perform an analysis using the current rate method....
-
In 1879, A.A. Michelson measured the velocity of light in air using a modification of a method proposed by the French physicist Foucault. Twenty of these measurements are in table 6E.27 (the value...
-
The following seven independent Cases make varying assumptions with respect to Roger Blaine and his 2019 tax status. In all Cases, where Roger earned employment income, his employer withheld the...
-
BuyCo, Incorporated, holds 2 5 percent of the outstanding shares of Marqueen company and appropriately applies the equity method of accounting. Excess cost amortization ( related to a patent )...
-
4. Factor. k + 3k - 18 5. Factor by grouping. 8a2 - 2ab4a + b
-
Use the formula S = n(n + 1) to find the sum of 1+2+3+ ... + 765. 2 1+2+3+ ... + 765 =
-
Find the special product. (4y-5)
-
For the function y = f(x) a) Describe the transformations applied to the f(x) if y = -f(4-2x) Remember to show all your steps, not just the answer.
-
An employee worked the following hours during the week: Calculate his gross pay at an hourly rate of $6.40 plus time-and-a-half for any hours over 8 per day.
-
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
-
How many gallons of washer fluid that is 13.5% antifreeze must a manufacturer add to 200 gallons of washer fluid that is 11% antifreeze to yield washer fluid that is 13% antifreeze?
-
For each function and graph in Problems below (a) Use the graph to identify x-values for which y' Ë 0, y'Ë 0, y'=0, and y' does not exist. (b) Use the derivative to check your conclusions....
-
Population estimates show that the equation P=300+10t-t2 represents the size of the graduating class of a high school, where t represents the number of years after 2015, 0 t 10. What will be the...
-
OBrien Corporation is a midsize, privately owned, industrial instrument man ufacturer supplying precision equipment to manufacturers in the Midwest. The corpo ration is 10 years old and operates a...
-
Parktown Medical Center, Inc. is a small health care provider owned by a publicly held corporation. It employs seven salaried physicians, ten nurses, three support staff, and three clerical workers....
-
Figure 10-22 depicts the activities performed in the revenue cycle by the Newton Hardware Company. Required 1 Identify the weaknesses in Newton Hardwares revenue cycle. Explain the resulting threat...
Study smarter with the SolutionInn App