Question Details
| Inputs | |
| Development cost | |
| Shows per week | |
| Nightly theatre cost | |
| Unit ticket price | |
| Concession profit per ticket holder | |
| Theatre capacity | |
| % seats filled | |
| Days per week | |
| # of weeks | |
| Total Revenue | |
| Total Cost | |
| Total Profit |
We are thinking of opening a Broadway play. It will cost $5
million to develop the show. There are eight shows per week. It
costs $1000 to open up the theatre each night, and the theatre
opens 7 days per week. Tickets sell for $50 and we earn an average
of $1.50 profit per ticket holder from concessions. The theatre
holds 800 and we expect 80% of the seats to be full. The play is
projected to be on for 100 weeks, but we want to know how many
weeks will the play have to run for us to breakeven. Use Goal
Seek to find the solution.
Solution details:
Answered
QUALITY
Approved
ANSWER RATING
This question was answered on: Dec 08, 2020
Solution~000652147654141.zip (25.37 KB)
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this Question
STATUSAnswered
QUALITYApproved
DATE ANSWEREDDec 08, 2020
EXPERTTutor
ANSWER RATING
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.
