Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that Saturday attendance will be 24,139 people, that 18.92% of Saturday attendees will buy the DVD if it is available, and that 4,500 DVDs
Assume that Saturday attendance will be 24,139 people, that 18.92% of Saturday attendees will buy the DVD if it is available, and that 4,500 DVDs are produced. How much profit will be made if this scenario occurs?
Lac Leman Festival de la Musique (A) - Exhibit 1 Question 2 Inputs Recording and Editing Year 1 Saturday attendance 6,510 2 43,580 3 39,360 4 28,590 5 33,560 6 13,710 7 15,410 Nonrefundable Fee 11740 Editing Fee 3000 Productin Setup Cost Variable Cost 1250 Units Cost 0 0.86 5301 1.06 8 24,190 9 14,240 Royalty 10 19,310 Royalty/unit sold 1.02 11 17,470 12 34,250 Selling Price 18 13 33,910 14 20,990 Attendance 24,139 15 17,000 % of Buying DVDs 18.92% DVDs Ordered 4500 mean 24,139 sd 10,818 Min 6,510 Max 43,580
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Given Saturday attendance 24139 people Percentage of Saturday attendees who will buy the DVD 1892 Nu...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started