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Musya8 [376]
3 years ago
15

Scenario 15-6 The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fa

ns and casual fans. For a particular WaR 2 Loud concert, there are 1,000 die-hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats available at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc.
Refer to Scenario 15-6. How much additional profit can the concert promoters earn by charging each customer their willingness to pay relative to charging a flat price of $50 per ticket?
Business
1 answer:
makvit [3.9K]3 years ago
8 0

Answer:

$25000

Explanation:

The profit can be calculated using he following formula:

Profit = Sales - Expenses

Here

Expenses are $50,000 and

Sales are $50 per ticket with 1500 customers

So the total sales would be $75,000 ($50 per ticket * 1500 customers).

So by putting values in the above equation, we have:

Profit = $75,000 - $50,000 = $25,000

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A discount bond is also called a ________ because the owner does not receive periodic payments.
a_sh-v [17]

A discount bond is also called a <u>zero coupon bond</u> because the owner does not receive periodic payments.

A discount bond is a bond that is issued for much less than its par—or face—fee. discount bonds can also be a bond currently trading for less than its face cost inside the secondary market. A bond is considered a deep-cut price bond if it's far bought at a substantially decrease price than the par fee, normally at 20% or more.

A zero-coupon bond is a bond that pays no interest and trades at a reduction to its face price. It is also known as a natural cut price bond or deep cut price bond. U.S. Treasury payments are an example of a 0-coupon bond.

Coupons are the promised hobby payments of a bond, paid periodically till the adulthood date of the bond. The coupon rate determines the quantity of every coupon fee of a bond. The coupon rate, expressed as an APR, is about by using the issuer and said on the bond certificate.

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3 0
9 months ago
Simple difinition of organized​
svp [43]

Answer:

Make arrangements or preparations for (an event or activity)

5 0
3 years ago
How should Kane work with the salespeople to introduce the change?
Nataly [62]

activities. In this chapter, you will learn about these two important management activities. ... To implement organizational change, managers must work to overcome that resistance ... Second, Kane's salespeople were.
3 0
3 years ago
Carrot Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 d
Molodets [167]

Answer:

The answer is  $45,000

Explanation:

$45,000

- Net Short Term Capital gain +Net Long Term Capital loss= 65,000+ (250,000)= -185,000

-Net Long Term Capital loss(2015)+Net Short Term Capital gain (2016)+Net Long Term Capital Gain(2017) = 60,000+45,000+35,000=140,000

-185,000+140,000= <u>(45,000)</u>

5 0
3 years ago
Read 2 more answers
question content area if $354,000 of 10% bonds are issued at 95, the amount of cash received from the sale is
Ludmilka [50]

The amount of cash received from the sale is calculated to be $336,300.

The amount of cash received from the sale of bonds can be calculated by using the following formula;

Cash received = Face value of bond × Bond quote

Since $354,000 of 10% bonds are issued at 95 in this case, therefore we substitute the values in the equation to determine the amount of cash received from the sale as follows;

Cash received = $354,000 × (95 / 100)

Cash received = $354,000 × 0.95

Cash received = $336,300

Therefore $336,300 cash is received from the sale if $354,000 of 10% bonds are issued at 95

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3 0
9 months ago
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