Financial Report for a School Production
AIM: The aim of the financial report is to supply information on the
costs and revenue of the school production to the school governors.
The finance office had some data on the income and expenditure of the
school production. This was used to generate an analysis of the
revenue of the production for the governors meeting.
REVENUE: The production took placed on three 3 evenings, the hall
could seat a total of three hundred and the tickets cost:
Adult tickets= £6.00
Children ticket = £2.50
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OAP tickets = £3.00
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1st Night
Tickets Types
Total tickets
Total Revenue
Adult tickets
132
*£6.00
£792
Children ticket
50
* £2.50
£125
OAP tickets
20
* £3.00
£60
Total tickets and Amount
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202
£977
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First night
The first night of the production, the number of sales of the adult
tickets were higher than the children tickets because a child would be
accompanied by his or her parents and other members of family (such as
any OAP's like their grandparents). This creates a situation where the
production seems to be directed for the adults as the primary
audience. 10% of the tickets were sold to the OAPs and their number
was fair enough because not all OAPs would be interested in children's
school production.65% of the tickets were sold to the adults and 25%
to the children. You will notice that there was a great decrease in
the children's tickets because they spend less money on advertisement
and the children tickets was too affordable. The percentage of the
ticket sold was 67%; putting more money in the advertisement could
increase this. The total revenue that they earn that day was below the
average because they spend less money on the advertisement.
2nd Night
Tickets Types
Next I will need to find out the yearly net income from the investment. This will be gross ticket sales minus the total expenses. Deer Valley expects 300 skiers per day for 40 days at $55.00 per ticket, giving us $660,000 in ticket sales. In order to figure the total expenses I need to separate the fixed and variable expenses. Fixed expenses are those that will be there everyday the lodge is open regardless of the number of skiers. The Lodge is open 200 days per year and the cost of running the new lift is $500 per day for the entire 200 days giving us $100,000 in fixed costs. Variable costs are the expenses based on the number of customers. There is an additional $5 expense per skier per day associated with the new lift. If there are 300 skiers multiplied by $5 each multiplied by the 40 days that they are expected to be on the lift, we will have $60,000 in variable expenses. Fixed costs of $100,000 plus the variable costs of $60,000 will give us $160,000 in total expenses. The gross ticket sales of $660,000 minus the total expenses of $160,000 give us a yearly net income of $500,000.
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