Need help with a question
Hey I'm getting confused on how to work out the gate receipts average for Durham and Waynesboro. In the answers it says that Durham has £28,500, and Waynesboro has £12,350, but I'm not too sure how you derive to it.
I thought you just make an average with the ticket prices of 4.50 and 8.00, which is 4.50 + 8.00/2 = £6.00
And multiple the total number of fans for each of the baseball teams, which is (£6 x 2200 = £13200), and ( 6 x 3400 = £20400 ).
Jack Smith, a consultant for the Waynesboro Bulls, has been asked to complete a value-chain analysis of the franchise with a particular focus on a comparison with a nearby competing team, the Durham Buffaloes. Jack has been able to collect selected cost data as follows for each of the six steps in the value chain. Single-ticket prices range from $4.50 to $8.00, and average paying attendance is approximately 2,200 for Waynesboro and 3,400 for Durham.
I thought you just make an average with the ticket prices of 4.50 and 8.00, which is 4.50 + 8.00/2 = £6.00
And multiple the total number of fans for each of the baseball teams, which is (£6 x 2200 = £13200), and ( 6 x 3400 = £20400 ).
Jack Smith, a consultant for the Waynesboro Bulls, has been asked to complete a value-chain analysis of the franchise with a particular focus on a comparison with a nearby competing team, the Durham Buffaloes. Jack has been able to collect selected cost data as follows for each of the six steps in the value chain. Single-ticket prices range from $4.50 to $8.00, and average paying attendance is approximately 2,200 for Waynesboro and 3,400 for Durham.
(edited 1 year ago)
Quick Reply
Related discussions
- GCSE Exam Discussions 2024
- Unit 19: Study Skills Portfolio Building
- Maths GCSE HELPPPPPPP ASAPPP, PLEASEEEE
- Stats help a level math
- Isaac Nuclear Masterclass
- Maths help
- Biology A-level Question
- GCSE History
- TSR Study Together - STEM vs Humanities!
- how to get a grade 9 in maths?
- I need help with this question (ENGLISH LIT STUDENTS)
- A-level Bio study help
- geography nea proposal form
- btec science unit 7 part a release 2023 january
- your question's answered IDEA bronze and silver
- HMRC interview
- Gcse maths urgent help
- Keeping completed worksheets and questions for science and maths? Gcse
- AS Level Law paper 1 OCR
- TSA books?
Latest
Trending
Last reply 1 month ago
Future Earnings Finance at Regent's UniversityLast reply 2 months ago
Can you Lose your CIMA exemptions you have obtained ?Last reply 3 months ago
Standard Costing Principles Management AccountingLast reply 6 months ago
Coaching/ Training/ Learning Provider for ACCALast reply 9 months ago
Which better Principle of Marketing or Human resource Management?Trending
Last reply 1 month ago
Future Earnings Finance at Regent's UniversityLast reply 2 months ago
Can you Lose your CIMA exemptions you have obtained ?Last reply 3 months ago
Standard Costing Principles Management AccountingLast reply 6 months ago
Coaching/ Training/ Learning Provider for ACCALast reply 9 months ago
Which better Principle of Marketing or Human resource Management?
