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Finch Cinemas is considering a contract to rent a movie for $1,600 per day. The contract requires a minimum one-week rental period. Estimated attendance is
Finch Cinemas is considering a contract to rent a movie for $1,600 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday 480 Tuesday 330 Wednesday 230 Thursday 590 Friday 960 Saturday 960 Sunday 470 Required a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Finch chooses to price movie tickets at cost as computed in Requirement a plus $2.70. 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 person
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