Question: Please explain why is this unrealistic as compared too realistic. A traveling production of Grease performs each year. The average show sells 1,400 tickets at

Please explain why is this unrealistic as compared too realistic.

A traveling production of Grease performs each year. The average show sells 1,400 tickets at $50 per ticket. There are

100 shows a year. The show has a cast of 40, each earning an average of $340 per show. The cast is paid only after each show. The other variable expense is program printing expenses of $8 per guest. Annual fixed expenses total $1,582,000.

The profit goal of $4,836,400 is unrealistic since Grease currently performs 100 shows a year.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Requirement 1 Requirement 2 Requirement 3 Requirement 4 Drop down options for requirement 4 Celeb Productions perlorms London shows. The average show sells 1,200 tckets at 575 per ticket. There are...

Queen Productions performs London shows. The average show sells 1, 100 tickets at $70 per ticket. There are 150 shows per year. No additional shows can be held as the theater is also used by other...

A traveling production of Fiddler on the Roof performs each year. The average show sells 1, 200 tickets at $55 a ticket. There are 115 shows each year. The show has a cast of 60, each earning an...

British Procutione performs Loncon Shons. The average show sells 1.000 tices at 550 per ticket. There are 140 shows per year. No additional show can be held as the theater is also used by other...

A travelling production of Fiddler on the Roof performs each year. The average show sells 1, 200 tickets at $45 per ticket. There are 100 shows each year. The show has a cast of 50, each earning an...

12. A traveling production of Grease performs each year. The average show sells 900 tickets at $60 per ticket. There are 120 shows each year. The show has a cast of 40, each earning an average of...

Question Help A traveling production of Grease performs each year. The average show tota 900 tickets at $40 a ticket. There are 100 shows each year. The show has a cast of 56, ench earning an average...

BA213- Managerial Accounting - ONLINE -10338 - Winter 2022** eva ondongo 03/03/22 2:45 PM =Test: Test #2 Question 1 of 12 > This test: 100 point(s) possible This question: 16 point(s) possible Submit...

A traveling production of Grease performs each year. The average show sells 1.500 tickets at 540 per ticket. There are 110 shows each year. The show has a cast of 75, each earning an average of $350...

What is the DuPont analysis, and how does it aid in financial analysis?

Multiply Choice 1. Partitioned databases are most effective when a. Users in the system need to share common data. b. Primary users of the data are clearly identifiable. c. Read-only access is needed...

Use the Laplace transform to solve the given initial - value problem. y ' + y = f ( t ) , y ( 0 ) = 0 , where f ( t ) = 0 , 0 t

Produce a graph comparing a puts intrinsic value [ = max( X S ,0)] and its Black-Scholes price. From this graph you should be able to deduce that it may be optimal to exercise early a put priced by...

Write a brief summary on the application of quality management in a company from Quality world, a professional trade magazine published in the United Kingdom.

Select a cluster sample of 10 states, and find the mean of the average population and the mean of the pupils per teacher. How do your results compare with the U.S. figures? Average population State...

Suppose you are on the design team for a new e-book reader. What are the primary classes and methods that the Java software for your reader will need? You should include an inheritance diagram for...

An old MST method, called Baruvka?s algorithm, works as follows on a graph G having n vertices and m edges with distinct weights: Prove that this algorithm is correct and that it runs in O(mlogn)...

Answer and explanation. Assigned Problem 1 James Buchanan Orthotics and Prosthetics is planning to request a line of credit from its bank. The company has produced sales estimates, and these appear...

The personal characteristics of the sender

The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.