1. The Beejue Theatre has 12 screens on which first-run movies are presented 365 days out of the year. Each movie is shown an average of 5 times per day. The number of seats for each screen varies, with an average of 400 seats per screen. Ticket prices average $9 per seat. The overall average occupancy rate per movie is 15%.

Compute the total possible tickets that could be sold assuming 100% occupancy.

Compute the estimated total customer demand (number of movie seats sold) for each year.

Compute the estimated total revenues for one fiscal year.

If management wanted to generate $18,000,000 in annual revenues, what would the average occupancy percentage rate need to be?