Question

In: Advanced Math

A theater has 500 seats, divided into orchestra, main, and balcony seating. Orchestra seats sell for...

A theater has 500 seats, divided into orchestra, main, and balcony seating. Orchestra seats sell for $50, main seats for $35, and balcony seats for $25. If all the seats are sold, the gross revenue to the theater is $17,100. If all the main and balcony seats are sold, but only half the orchestra seats are sold, the gross revenue is $14,600. How many balcony seats are there?

Solutions

Expert Solution



Related Solutions

a broadway theatre has 600 seats, divided into orchestra, main, and balcony seating. orchestra seats sell...
a broadway theatre has 600 seats, divided into orchestra, main, and balcony seating. orchestra seats sell for 50 main seats for 35 and balcony for 25. if all seats are sold the revenue to the threatre is 20900. if all the main and balcony seats are sold but only half the orchestra seats are sold the gross revenune is 17900 how many are there of each kind of seat
A theatre has two types of seats: regular seats sell for $16 and box seats sell...
A theatre has two types of seats: regular seats sell for $16 and box seats sell for $20. Variable costs are $10 per seat, regardless of the type of seat. The theatre has 450 regular seats and 50 box seats and the seats and the seats are solid in the same ration, Fixed costs are per month $48,000. 1) What is the breakeven point in number of seats per month? 2) What is the breakeven point in sales per month?...
A Theater has n numbered seats, and n tickets are distributed among n persons. Compute the...
A Theater has n numbered seats, and n tickets are distributed among n persons. Compute the probability that (a) exactly two persons will be seated at seats corresponding to their ticket numbers if all the seats are occupied at random. (b) at least two persons will be seated at seats corresponding to their ticket numbers if all the seats are occupied at random.
ABC Theater runs multiple shows each month. Each of the 5 theaters has 100 seats. The...
ABC Theater runs multiple shows each month. Each of the 5 theaters has 100 seats. The selling price for each ticket is $10, no matter which show or time of day. Adults, Seniors and Children admissions are all $10 each. Given the following financial data: ABC Theaters pays $8,000 rent for the theater equipment each month ABC Theaters owns the building and records depreciation of $1,500 each month The management has determined that there is a variable cost of $2...
A movie theater has at most 90 seats available. Each adult movie ticket costs $14, and...
A movie theater has at most 90 seats available. Each adult movie ticket costs $14, and each child movie ticket costs $8. To make a profit, the theater must bring in more than $852 in ticket sales per show. A) In terms of A and C, write an inequality that represents the restriction on total occupancy. B) In terms of A and C, write an inequality that represents the restriction on total ticket sales. C) Make a graph that represents...
a. Fama’s return decomposition has two main components –i)Risk and ii) Selectivity. Risk is further sub-divided...
a. Fama’s return decomposition has two main components –i)Risk and ii) Selectivity. Risk is further sub-divided into Investor’s Risk and Manager’s Risk. Selectivity is also sub-divided into Diversification and Net Selectivity. Explain in detail each element and what role do they play in decomposing portfolio performance. b. The following market and portfolio performance and risk characteristics are given below. Based on the information provided, calculate all four components of portfolio performance. Risk-free rate =2.5% Market return= 12% Market standard deviation...
MGM CO. has been approached to bid on a contract to sell 500 voice recognition(VR) computer...
MGM CO. has been approached to bid on a contract to sell 500 voice recognition(VR) computer keyboards per year for four years. Due to technological improvements, beyond that time they will be outdated, and no sales will be possible. The equipment necessary for the production will cost $3 million and will be depreciated on a straight-line basis to a zero-salvage value. Production will require an investment in net working capital of $395,000 to be returned at the end of the...
MGM CO. has been approached to bid on a contract to sell 500 voice recognition(VR) computer...
MGM CO. has been approached to bid on a contract to sell 500 voice recognition(VR) computer keyboards per year for four years. Due to technological improvements, beyond that time they will be outdated, and no sales will be possible. The equipment necessary for the production will cost $3 million and will be depreciated on a straight-line basis to a zero-salvage value. Production will require an investment in net working capital of $395,000 to be returned at the end of the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT