You are the part-time manager of the local symphony orchestra. There are 5 concerts planned for the scal current season: February, April, July, October, December. We will receive an Arts Council annual grant of $10,000 for the season. In addition, we expect private donations and sponsorships to total $20,000 for the season. Ticket prices are $20/concert, and we average 400 patrons in attendance at each concert. .S The Director earns $500/concert (including rehearsals). The part-time manager earns $12,000 per year. I On average, each concert employs 40 musicians; 10 of them earn $200/concert, and 30 of them earn $150/concert. Programs cost $1 each. We plan to give one free to each patron at each concert. The venue rental is $2,000 per concert. We spend approximately $600 in advertising per concert.uoy gniel ainobute 2$ evad owl smoont to tell ainobute Od over ew li smoonl to staluols Revenue Budget Thovs leard of hosgow ob amsbune vasm wod vlotamixo1qqA Labor Budget Other Expenses Budget Prepare: 1. 2. 3. 4. B .d .0 Budgeted Income Statement alloa basd-glddod muszuM:A# moldo11 5. Can we add another concert? odt to ora. sidi What is our marginal revenue per concert? ois noqo of bobiosb alisho¶ to museuM 9dT or sb.no meWhat is our marginal cost per concert? wollot odT museum or ni atimtoq uslugog izom
You are the part-time manager of the local symphony orchestra. There are 5 concerts planned for the scal current season: February, April, July, October, December. We will receive an Arts Council annual grant of $10,000 for the season. In addition, we expect private donations and sponsorships to total $20,000 for the season. Ticket prices are $20/concert, and we average 400 patrons in attendance at each concert. .S The Director earns $500/concert (including rehearsals). The part-time manager earns $12,000 per year. I On average, each concert employs 40 musicians; 10 of them earn $200/concert, and 30 of them earn $150/concert. Programs cost $1 each. We plan to give one free to each patron at each concert. The venue rental is $2,000 per concert. We spend approximately $600 in advertising per concert.uoy gniel ainobute 2$ evad owl smoont to tell ainobute Od over ew li smoonl to staluols Revenue Budget Thovs leard of hosgow ob amsbune vasm wod vlotamixo1qqA Labor Budget Other Expenses Budget Prepare: 1. 2. 3. 4. B .d .0 Budgeted Income Statement alloa basd-glddod muszuM:A# moldo11 5. Can we add another concert? odt to ora. sidi What is our marginal revenue per concert? ois noqo of bobiosb alisho¶ to museuM 9dT or sb.no meWhat is our marginal cost per concert? wollot odT museum or ni atimtoq uslugog izom
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 5 please
Transcribed Image Text:(E) 99T din 150 002 tot
in Iasols mon moozesio ogual no 18 elo ovit Ils
You are the part-time manager of the local symphony orchestra. There are 5 concerts planned for the SES)
current season: February, April, July, October, December. We will receive an Arts Council annual grant
of $10,000 for the season. In addition, we expect private donations and sponsorships to total $20,000 for
the season. Ticket prices are $20/concert, and we average 400 patrons in attendance at each concert. 198
The Director earns $500/concert (including rehearsals). The part-time manager earns $12,000 per year. I
On average, each concert employs 40 musicians; 10 of them earn $200/concert, and 30 of them earn
$150/concert. Programs cost $1 each. We plan to give one free to each patron at each concert. The venue
rental is $2,000 per concert. We spend approximately $600 in advertising per concert. Toy gniau
ainobute 2S ovad sw li smoon to stalvols
ainobute Od svei ew ti omoonl to staluols
Revenue Budget Shove Xeard of hosgow ob amobune ynem wod vlotamixoqqA
Labor Budget
Other Expenses Budget
B
.d
10
Prepare:
1.
2.
3.
4.
Budgeted Income Statement
5.
Can we add another concert?
odt to sa. oldi What is our marginal revenue per concert? oil s neqo of bobiosb aisho¶ to museum sdT
or sb.no What is our marginal cost per concert? iwollot oft museum or ni atsitio uslugog izom
mtot nogo 21 tsomova nonood ai museonodi dinom does ayeb 08 276 Tatsbud vidio
alloa basd-olddod museuM:A# moldorl
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