Question: please help with 2-4 Display Settings [C,Focus EXHIBIT 2 (continued) REQUIRED 1. How would you describe the competitive strategy of the Greek Pavilion? Given the

please help with 2-4  please help with 2-4 Display Settings [C,Focus EXHIBIT 2 (continued) REQUIRED
1. How would you describe the competitive strategy of the Greek Pavilion?
Given the firm's strategy, what are the critical success factors for the

Display Settings [C,Focus EXHIBIT 2 (continued) REQUIRED 1. How would you describe the competitive strategy of the Greek Pavilion? Given the firm's strategy, what are the critical success factors for the Greek to achieve its goal of continuous annual growth in operating income? 2. Complete two selected cost-volume-profit analyses for the show illustrated in Exhibit 2, the KFBS Allstars: a) How many tickets must the Greek Pavilion sell to break even? b) How many tickets must the Greek sell to earn $30,000 operating income after taxes, assuming a 40 percent tax rate? 3. What should be the average ticket price for the KFBS concert if the fixed-pay fee is $200,000 and the Greek expects to sell 7,000 tickets and wants to earn $30,000 after 40 percent in taxes? 4. Negotiating the fee for the KFBS Allstars: fixed-pay or per capita contracts? a) What is the maximum fixed fee that the Greek can pay the KFBS Allstars if the Greek wants to eam $45,000 after 40 percent tax and expects the show to have an average ticket price of $22.12 ? Assume the show is expected to draw 6,000 paying ticket holders. b) What is the maximum fixed fee that the Greek can pay the KFBS Allstars if the Greek wants to earn $45,000 after 40 percent tax and expects the show to have an average ticket price of $22.12 ? Assume, including 25 percent comp tickets, the show is expected to be a sell-out. c) Independent of (a) and (b), what is the maximum per capita fee that the Greek can pay the KFBS Allstars, whose concert is expected to be a sellout, if the Greek wants to earn $180,000 after 40 percent tax from an average ticket price of $22.12 per ticket? 5. What role does CVP analysis and operating leverage play in contract negotiations with different types of performers (fixed-fee or per capita)

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!