You have been charged with the responsibility with organising the state Badminton Tournament that is expected to
Question:
You have been charged with the responsibility with organising the state Badminton Tournament that is expected to attract around 256 participants, male and female. Competition is planned to commence at 9:00 am each day and continue to 7:00 pm for 5 days.
Competition will take place in four age groups:
Under 16
Under 18
Under 20
Open
You are to assume each player will be playing in singles, doubles and mixed doubles. There will be no additions to the stated 256 competitors however; all competitors must find a partner for doubles and mixed doubles amongst others in their age group.
You have found a suitable venue that has five courts however you're not sure yet how many days you will be required. The cost of the venue you are considering is $600.00 a day.
QUESTION 1
Assuming the tournament is a knockout, and that all competitors will compete in singles, doubles and mixed doubles, work out how many matches must be played. Competitors will compete only in their age group (open means 20 years old and over)
QUESTION 2
You must also work out the number of days that you will require the venue to complete the tournament using all 5 courts simultaneously. For the purposes of this exercise let's say that each Badminton match will take on average 30 minutes to complete, and that there would be an immediate turnaround.
QUESTION 3
You will need to work out how many medals are required and place an order at the local trophy shop. Medals will be awarded to winners and runners - up only in each draw.
QUESTIONS 4
On the basis of this information develop a budget for this tournament:
a.Medallions can be bought for $5.00 each including engraving
b.Competitors will be expecting to pay an entry fee of $30.00 per person for the entire tournament.
c.Westpac has sponsored the tournament for $20,000
d.Some sponsors signs have been ordered and will costs $200.00
e.Printing the program will cost $500.00
f.Catering will cost $450.00 per day
g.Shuttlecocks and other consumables will cost $1.00 per match
h.Refereeing costs will amount to $12.00 per hour
i.Other incidental costs are expected to amount to $100.00.
j.Venue cost is $600.0 per day
he has
Income
Expenses
Total
QUESTION 5
What is the profit this tournament will make based on the above information?
Accounting Information Systems
ISBN: 9780132871938
11th Edition
Authors: George H. Bodnar, William S. Hopwood