Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose that the conference has revenues that are twice its ticket
Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose that the conference has revenues that are twice its ticket revenues. Also, suppose it has $10 million in revenue from other sources. Assuming that the price-to-revenue ratio is 2.5 and the controlling interest premium is 80%, what is the value of the conference according to the price-to-revenue ratio method? Use the Table of Ticket Revenues posted in Module 12 to answer this question. $294,777,856.00 $354,125,088.00 $663,250,176.00 $708,250,176.00 \begin{tabular}{|l|c|} \hline Franchise & Ticket Revenue \\ \hline Jacksonville & $8,676,917 \\ \hline Kennesaw State & $8,456,073 \\ \hline Lipscomb & $7,975,785 \\ \hline Stetson & $7,886,742 \\ \hline Florida Gulf Coast & $6,985,825 \\ \hline East Tennessee State & $6,688,512 \\ \hline Northern Kentucky & $6,119,687 \\ \hline Mercer & $6,983,252 \\ \hline North Florida & $5,843,073 \\ \hline South Carolina-Upstate & $3,078,598 \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started