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Campbell Cinemas is considering a contract to rent a movie for $1,800 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 $1,800 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday Tuesday Wednesday Thursday Friday Saturday Sunday 440 300 200 510 990 990 490 Required a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.10. 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. Complete this question by entering your answers in the tabs below. Req A Req B and C Determine the average cost per person of the movie rental contract separately for each day. (Round your answers to 2 decimal places.) Day Monday Tuesday Wednesday Thursday Friday Saturday Sunday Average cost per personCampbell Cinemas is considering a contract to rent a movie for $1,800 per day. The contract requires a minimum oneweek rental period. Estimated attendance is as follows: Monday Tuesday Wednesday Thursday Friday Saturday Sunday 440 3% 200 510 990 996 490 l Required 3. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement 6 plus $2.10. 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. Complete this questlon by enterlng your answers In the tabs below. Req B and C Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.10. What price would it charge per ticket on each day of the week? Use weekly averaging to determine a reasonable price to charge for movie tickets. (Round your intermediate calculations and nal answer to 2 decimal places.) Priceperticket ------- Reasonable Price
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