Bloomington (Burlington) Bees Case
Leah Rudolphi
ACCY405 AE4 (8-10)
Individual Assignment 10
Bloomington Bees Case
1)
43+29=72 games over the year 434,348/72=6,032 people per game 6,032 * .25 = 1,508 + 6,032 = 7,540 (25% increase in weekend games)
total sales per weekday game:
5,016 * .30 = 1,504.8 * 10 = 15,048 5,517.6 * .30 = 1,655.28 * 10 = 16,552.8
5,016 * .35 = 1,755.6 * 6 = 10,533.6 5,517.6 * .35 = 1,931.16 * 6 = 11,586.96
5,016 * .20 = 1,003.2 * 4 = 4,012.8 5,517.6 * .20 = 1,103.52 * 4 = 4,414.08
5016 * .15 = 752.4 * 2 = 1,504.8 5,517.6 * .15 = 827.64 * 2 = 1,655.28 $31,099.2 34,209.12
31,099.2 * 36 + 34,209.12 * 7 = $1,359,035.04 for all weekday games
total sales per weekend game: with promotions:
7,540 * .25 = 1,885 * 10 = 18,850 8,294 * .25 = 2,073.5 * 10 = 20,735
7,540 * .30 = 2,262 * 6 = 13,572 8,294 * .30 = 2,488.2 * 6 = 14,929.2
7,540 * .25 = 1,885 * 4 = 7,540 8,294 * .25 = 2,073.5 * 4 = 8,294
7,540 * .20 = 1,508 * 2 = 3,016 8,294 * .20 = 1,658.8 * 2 = 3,317.6 42,978 47,275.8
42,978 * 19 + 47,275.8 * 10 = $1,289,340 for all weekend games
expected ticket revenue: 1,359,035.04 + 1,289,340 = $2,648,375.04
2)
Bees’ reported revenue would have to be within $100,000 or a little more for it to be considered reasonable or fairly stated.
There could be a number of reasons reported ticket revenues may be outside the reasonableness range”. Simply put, I could have figured the expected revenue incorrectly with the information I was given(which could make me completely off in expectations. The allocation of tickets per weekend and weekday as I assumed, could have been different in the actual numbers for each day. I just assumed that the average per day was the same, taking in to account the increases due to promotions and weekends. None of the information reported weather conditions for any certain day, which could significantly lower any of the numbers of people per
ACCY405 AE4 (8-10)
Individual Assignment 10
Bloomington Bees Case
1)
43+29=72 games over the year 434,348/72=6,032 people per game 6,032 * .25 = 1,508 + 6,032 = 7,540 (25% increase in weekend games)
total sales per weekday game:
5,016 * .30 = 1,504.8 * 10 = 15,048 5,517.6 * .30 = 1,655.28 * 10 = 16,552.8
5,016 * .35 = 1,755.6 * 6 = 10,533.6 5,517.6 * .35 = 1,931.16 * 6 = 11,586.96
5,016 * .20 = 1,003.2 * 4 = 4,012.8 5,517.6 * .20 = 1,103.52 * 4 = 4,414.08
5016 * .15 = 752.4 * 2 = 1,504.8 5,517.6 * .15 = 827.64 * 2 = 1,655.28 $31,099.2 34,209.12
31,099.2 * 36 + 34,209.12 * 7 = $1,359,035.04 for all weekday games
total sales per weekend game: with promotions:
7,540 * .25 = 1,885 * 10 = 18,850 8,294 * .25 = 2,073.5 * 10 = 20,735
7,540 * .30 = 2,262 * 6 = 13,572 8,294 * .30 = 2,488.2 * 6 = 14,929.2
7,540 * .25 = 1,885 * 4 = 7,540 8,294 * .25 = 2,073.5 * 4 = 8,294
7,540 * .20 = 1,508 * 2 = 3,016 8,294 * .20 = 1,658.8 * 2 = 3,317.6 42,978 47,275.8
42,978 * 19 + 47,275.8 * 10 = $1,289,340 for all weekend games
expected ticket revenue: 1,359,035.04 + 1,289,340 = $2,648,375.04
2)
Bees’ reported revenue would have to be within $100,000 or a little more for it to be considered reasonable or fairly stated.
There could be a number of reasons reported ticket revenues may be outside the reasonableness range”. Simply put, I could have figured the expected revenue incorrectly with the information I was given(which could make me completely off in expectations. The allocation of tickets per weekend and weekday as I assumed, could have been different in the actual numbers for each day. I just assumed that the average per day was the same, taking in to account the increases due to promotions and weekends. None of the information reported weather conditions for any certain day, which could significantly lower any of the numbers of people per