Question
Campbell Cinemas is considering a contract to rent a movie for $1,700 per day. The contract requires a minimum one-week rental period. Estimated attendance is
Campbell Cinemas is considering a contract to rent a movie for $1,700 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows:
| MONDAY | TUESDAY | WEDNESDAY | THURSDAY | FRIDAY | SATURDAY | SUNDAY |
| 420 | 280 | 210 | 550 | 1010 | 1010 | 490 |
A. Determine the average cost per person of the movie rental contract separately for each day
| DAY | MONDAY | TUESDAY | WEDNESDAY | THURSDAY | FRIDAY | SATURDAY | SUNDAY |
| AVG Cost Per Person | ? | ? | ? | ? | ? | ? | ? |
B. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.00. What price would it charge per ticket on each day of the week?
C. Use weekly averaging to determine a reasonable price to charge for movie tickets
| DAY | MONDAY | TUESDAY | WEDNESDAY | THURSDAY | FRIDAY | SATURDAY | SUNDAY |
| Price Per Ticket | ? | ? | ? | ? | ? | ? | ? |
| Reasonable Price | ? | ? | ? | ? | ? | ? | ? |
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The Life Audit Take Control Of Your Life Now Every Minutes Counts
Authors: Caroline Righton
1st Edition
978-0340836781
