logging in or signing up wu smsalgebra Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 121 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 19, 2008 This Presentation is Public Favorites: 0 Presentation Description Algebra project - produce a rock concert Comments Posting comment... Premium member Presentation Transcript THE FINAL REPORT : THE FINAL REPORT LAWRENCE WU TRAVIS YEH TEAM /SIGMAList Of Variables Used: List Of Variables UsedTHE SCENARIO: THE SCENARIO We need to book a specific band at a specific location with a ticket price so our profit is the highest that it could be.THE BANDS: THE BANDS WHO’S THAT MS. TEAK THE DIXIE CHICKENSTHE STADIUMS: THE STADIUMS THE COTTON BOWL THE STARPLEX AMPHITHEATERThe Deciding Process : The Deciding Process THE FIRST STEP IN OUR JOURNEY….Preference: Preference THE FIRST ASSUMPTION… THEY DON’T CARE WHAT THEY’RE SEEING.Popularity: Popularity THE SECOND ASSUMPTION…. POPULARITY = LARGER COST = LARGER PROFIT.Fixed Costs: Fixed CostsFinding Variable Cost: Finding Variable CostLABOR GROUPS: LABOR GROUPS TOTAL UNIT COST = $4.50 PER PERSONTicket Price vs. Number Of Tickets Sold: Ticket Price vs. Number Of Tickets SoldSlide13: Ticket Price Number of Tickets SoldN = -248.21p + 28571.43: N = -248.21p + 28571.43P= -248.21p2+29,688.375p – 306,571.435: P= -248.21p2+29,688.375p – 306,571.435Ticket Price vs. Number Of Tickets Sold: Ticket Price vs. Number Of Tickets Sold R=pn: R=pn R = 60(14,000) R = $840,000C = 4.5n + 178,000: C = 4.5n + 178,000 C = 4.5(14,000) +178,000 C = 63,000 + 241,000 C = $241,000.P = R - C: P = R - C Profit = $840,000 - $241,000 $599,000 dollars.: $599,000 dollars. Final Report: Final Report BAND TO BOOK: Who’s That LOCATION: The Cotton Bowl TICKET PRICE: $60 per ticket PROFIT: $599,000 Thank You!: Thank You! You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
wu smsalgebra Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 121 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 19, 2008 This Presentation is Public Favorites: 0 Presentation Description Algebra project - produce a rock concert Comments Posting comment... Premium member Presentation Transcript THE FINAL REPORT : THE FINAL REPORT LAWRENCE WU TRAVIS YEH TEAM /SIGMAList Of Variables Used: List Of Variables UsedTHE SCENARIO: THE SCENARIO We need to book a specific band at a specific location with a ticket price so our profit is the highest that it could be.THE BANDS: THE BANDS WHO’S THAT MS. TEAK THE DIXIE CHICKENSTHE STADIUMS: THE STADIUMS THE COTTON BOWL THE STARPLEX AMPHITHEATERThe Deciding Process : The Deciding Process THE FIRST STEP IN OUR JOURNEY….Preference: Preference THE FIRST ASSUMPTION… THEY DON’T CARE WHAT THEY’RE SEEING.Popularity: Popularity THE SECOND ASSUMPTION…. POPULARITY = LARGER COST = LARGER PROFIT.Fixed Costs: Fixed CostsFinding Variable Cost: Finding Variable CostLABOR GROUPS: LABOR GROUPS TOTAL UNIT COST = $4.50 PER PERSONTicket Price vs. Number Of Tickets Sold: Ticket Price vs. Number Of Tickets SoldSlide13: Ticket Price Number of Tickets SoldN = -248.21p + 28571.43: N = -248.21p + 28571.43P= -248.21p2+29,688.375p – 306,571.435: P= -248.21p2+29,688.375p – 306,571.435Ticket Price vs. Number Of Tickets Sold: Ticket Price vs. Number Of Tickets Sold R=pn: R=pn R = 60(14,000) R = $840,000C = 4.5n + 178,000: C = 4.5n + 178,000 C = 4.5(14,000) +178,000 C = 63,000 + 241,000 C = $241,000.P = R - C: P = R - C Profit = $840,000 - $241,000 $599,000 dollars.: $599,000 dollars. Final Report: Final Report BAND TO BOOK: Who’s That LOCATION: The Cotton Bowl TICKET PRICE: $60 per ticket PROFIT: $599,000 Thank You!: Thank You!