Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Step Ameunt Deseription 1.2A1.2 2.3 You would like to give your hourly employees a raise of 4.0% next year 2.4 You would like to give

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Step Ameunt Deseription 1.2A1.2 2.3 You would like to give your hourly employees a raise of 4.0% next year 2.4 You would like to give yourself a raise of 5.0% next year. You have been living on the same salary for two years, and it is tight. 2.5 You need to make a capital investment to Fix the Leaky roof. This will cost $10,000 (enter as a Nagative Number) 2.7A3.05econdCutChangesandBudgetforNextYear-YourPlan-PlektheBestOptionstoSurvive-YourOptionsAre: 3.11 Raise Ticket Prices by 5.0%. This will cause a 5.0% change in the number of tickets sold per movie, as some people will go elsewhere OR 3.12 Offer 10% more movies shown at 2.0% lower prices with a resulting increase in 15% more tickets per movie sold OR 3.12 Offer 10% more movles shown at 2.0% lower prices with a resulting increase in 15% more tickets per movie sold OR 3.13 Do Not Change Ticket Prices - Pick and Enter The Best Option for Second Cut Ending Cash Balance - Then Your Next Options are: 3.21 Raise Junk Food Prices by 10.0%, which will resuit in 2.0% of the # of Tieket holders Buying Junk Food OR 3.22 Lower Junk Food Prices by 10.0%, which will result in +2.0% of the \# of Ticket holders Buying Junk Food OR Do Nothing - Pick the best, then 3.31 Purchase a New Ticket System for 515,000 (negative), which will allow you to decrease the Number of Employee Hours per Show by 10.0% OR 3.32 Do Not Purchase the New System and keep the same number of hours employees work per show. . Pick the best, then 3.41 Continue to Pay Employees the Same Hourly Rate as Last Year by Entering 4.0% in the Second Cut Change - or not 3.51 Continue to Pay Yourself the Same Salary as Last Year by Entering 5.0% in the Second Cut Change - or not 3.7 Review the Printed Second Cut Budget. In your own words, briefly explain your plan to your Banker in your own words 1.7A3.7A 4.0. List three Changes that you might Explom in your "Third Cut Budget" below. These are your ideas that were not included in the previous lines. but thing you might try to plan into your budget to improve the next year. Be brief but as complete as you can - Only One Plan Change per Line 4.1A 4.2A 4.3A President Theater \#\# Revenue Development \# Number of Movies Shown X Average Number of Tickets/Movie = Number of Tickets Sold X Average Price per Ticket = Movie Ticket Sales - Total \begin{tabular}{l|c|c|c|c|c} \hline & & First Cut & First Cut & Second & Second Cut \\ Two Years & Last Year & % & Next Year & Cut \% & Next Year \\ \hline Ago Actual & Actual & Change & Budget & Change & Budget \\ \hline \end{tabular} B4 Number of Tickets Sold X Percent Tickets who Buy Junk Food \# \# of Ticket holders Buying Junk Food X Average Price per Junk Food = Junk Food Revenue Total Cost Development B4 Number of Tickets Sold X Avg. Cost /Ticket to Movio Producars = Total Cost for Movie Tickets \begin{tabular}{rrrrr} & 49,000 & & 48,500 \\ $ & 4.35 & \multirow{3}{\$}{} & 4.76 \\ \hline$ & 213,000 & 33 & 231,000 \\ & 34,300 & & 34,435 \end{tabular} B4 \#I of Ticket holders Buying Junk Food Instructione Budget Questions and Answers Budget Finanoial Forecact t Step Ameunt Deseription 1.2A1.2 2.3 You would like to give your hourly employees a raise of 4.0% next year 2.4 You would like to give yourself a raise of 5.0% next year. You have been living on the same salary for two years, and it is tight. 2.5 You need to make a capital investment to Fix the Leaky roof. This will cost $10,000 (enter as a Nagative Number) 2.7A3.05econdCutChangesandBudgetforNextYear-YourPlan-PlektheBestOptionstoSurvive-YourOptionsAre: 3.11 Raise Ticket Prices by 5.0%. This will cause a 5.0% change in the number of tickets sold per movie, as some people will go elsewhere OR 3.12 Offer 10% more movies shown at 2.0% lower prices with a resulting increase in 15% more tickets per movie sold OR 3.12 Offer 10% more movles shown at 2.0% lower prices with a resulting increase in 15% more tickets per movie sold OR 3.13 Do Not Change Ticket Prices - Pick and Enter The Best Option for Second Cut Ending Cash Balance - Then Your Next Options are: 3.21 Raise Junk Food Prices by 10.0%, which will resuit in 2.0% of the # of Tieket holders Buying Junk Food OR 3.22 Lower Junk Food Prices by 10.0%, which will result in +2.0% of the \# of Ticket holders Buying Junk Food OR Do Nothing - Pick the best, then 3.31 Purchase a New Ticket System for 515,000 (negative), which will allow you to decrease the Number of Employee Hours per Show by 10.0% OR 3.32 Do Not Purchase the New System and keep the same number of hours employees work per show. . Pick the best, then 3.41 Continue to Pay Employees the Same Hourly Rate as Last Year by Entering 4.0% in the Second Cut Change - or not 3.51 Continue to Pay Yourself the Same Salary as Last Year by Entering 5.0% in the Second Cut Change - or not 3.7 Review the Printed Second Cut Budget. In your own words, briefly explain your plan to your Banker in your own words 1.7A3.7A 4.0. List three Changes that you might Explom in your "Third Cut Budget" below. These are your ideas that were not included in the previous lines. but thing you might try to plan into your budget to improve the next year. Be brief but as complete as you can - Only One Plan Change per Line 4.1A 4.2A 4.3A President Theater \#\# Revenue Development \# Number of Movies Shown X Average Number of Tickets/Movie = Number of Tickets Sold X Average Price per Ticket = Movie Ticket Sales - Total \begin{tabular}{l|c|c|c|c|c} \hline & & First Cut & First Cut & Second & Second Cut \\ Two Years & Last Year & % & Next Year & Cut \% & Next Year \\ \hline Ago Actual & Actual & Change & Budget & Change & Budget \\ \hline \end{tabular} B4 Number of Tickets Sold X Percent Tickets who Buy Junk Food \# \# of Ticket holders Buying Junk Food X Average Price per Junk Food = Junk Food Revenue Total Cost Development B4 Number of Tickets Sold X Avg. Cost /Ticket to Movio Producars = Total Cost for Movie Tickets \begin{tabular}{rrrrr} & 49,000 & & 48,500 \\ $ & 4.35 & \multirow{3}{\$}{} & 4.76 \\ \hline$ & 213,000 & 33 & 231,000 \\ & 34,300 & & 34,435 \end{tabular} B4 \#I of Ticket holders Buying Junk Food Instructione Budget Questions and Answers Budget Finanoial Forecact t

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

Auditing Cases An Interactive Learning Approach

Authors: Steven M Glover, Douglas F Prawitt

4th Edition

0132423502, 978-0132423502

More Books

Students also viewed these Accounting questions