Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i only need help with the reasonable price area VID - HT-MOT 2 Munde Cinemas is consider Lakeshore Cinemesis Corner AN Assessment Chapter 20 Help

i only need help with the reasonable price area
image text in transcribed
VID - HT-MOT 2 Munde Cinemas is consider Lakeshore Cinemesis Corner AN Assessment Chapter 20 Help Save & Exit Submit 10 Benson Cinemas is considering a contract to rent a movie for $2,300 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday Tuesday 300 Wednesday 190 Thursday 5 40 Friday 970 Saturday 970 Sunday 530 Required a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Benson chooses to price movie tickets at cost as computed in Requirement a plus $2.60. 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. Red A Req B and C Suppose that Benson chooses to price movie tickets at cost as computed in Requirement a plus $2.60. 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 final answer to 2 decimal places.) Day Price per ticket Reasonable price Monday S 8.08 Tuesday $ 10.27 Wednesday $ 14.70 Thursday $ 6.86 Friday $ 4.97 Saturday $ 4.97 Sunday $ 6.94 MacBook Pro VID - HT-MOT 2 Munde Cinemas is consider Lakeshore Cinemesis Corner AN Assessment Chapter 20 Help Save & Exit Submit 10 Benson Cinemas is considering a contract to rent a movie for $2,300 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday Tuesday 300 Wednesday 190 Thursday 5 40 Friday 970 Saturday 970 Sunday 530 Required a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Benson chooses to price movie tickets at cost as computed in Requirement a plus $2.60. 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. Red A Req B and C Suppose that Benson chooses to price movie tickets at cost as computed in Requirement a plus $2.60. 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 final answer to 2 decimal places.) Day Price per ticket Reasonable price Monday S 8.08 Tuesday $ 10.27 Wednesday $ 14.70 Thursday $ 6.86 Friday $ 4.97 Saturday $ 4.97 Sunday $ 6.94 MacBook Pro

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: David Spiceland

11th Edition

1264134525, 9781264134526

More Books

Students also viewed these Accounting questions

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago