Executive Summary In Springfield Nor’easters case study‚ Larry Buckingham is the marketing director for the Nor’easters‚ a class A minor league baseball team in Springfield‚ MA. As any other profit-seeking business the objective of this sports club is to sustain a viable business by making profit‚ at least brake-even in the opening season. The two major sources of revenue for Nor’easters are ticket and concession sales. Larry conducts market research to gain knowledge about potential customers and
Premium Major League Baseball Minor league baseball Baseball
Chapter 05 Production and Cost Essay Questions 1. Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run‚ if L = 250 and K = 25‚ what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate? When L=250 and K=25 then Q=94307. When L increases to 300‚ Q increases to 108‚127. When L increases to 350‚ Q increases to 121‚379. This shows the effects of diminishing marginal returns to labor as a factor of production.
Premium Marginal cost Costs Economics of production
on Thursday‚ July 2015 at the Springfield Rescue Mission on Bliss Street‚ Springfield‚ Massachusetts. The interviewee was Mr. Ron Willoughby‚ Executive Director of Springfield Rescue Mission‚ Inc. After the interview‚ I was allowed to make a visual inspection of both of their facilities‚ including their emergency shelter building in Taylor Street. In addition‚ I examined several years of IRS Forms 990 for two of the homeless service providers in the City of Springfield‚ MA. All non-profit organizations
Premium Homelessness Poverty Unemployment
STUDY ACCT 505- Prof Main January 26‚ 2013 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 Average variable cost per passenger $70 Fixed operating cost per month $3‚150‚000 a. What is the break-even point in passengers and revenues per month? Fixed cost | $ 3‚150‚000 | | Selling
Premium Variable cost Costs Management accounting
Case Study 2 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70 Fixed operating cost per month $ 3‚150‚000 Formulae’s: Revenue = Units Sold * Unit price Contribution Margin = Revenue – All Variable Cost Contribution Margin Ratio =
Premium Variable cost Costs Management accounting
Study II Managerial Finance Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car | 90 | Average load factor (percentage of seats filled) | 70% | Average full passenger fare | $160 | Average variable cost per passenger | $70 | Fixed operating cost per month | $3‚150‚000 | a. What is the break-even point in passengers and revenues per month? Break-even point
Premium Variable cost Costs Management accounting
problem facing the organization. Specify the constraints and options available to the organization. The Springfield Nor’easters are a new and upcoming baseball team preparing to emerge in Springfield‚ Massachusetts. Springfield is located in a suburb of Boston‚ and as of today‚ they only have a minor league hockey team‚ which is preparing to relocate. If residents of the Springfield community want to see a sporting event‚ they have to travel nearly ninety miles to Boston for the experience.
Premium Minor league baseball Marketing Baseball
Grade 45/50 Managerial Accounting 505 Case Study Week 3 A. What is the break-even point in passengers and revenues per month? Total Per Unit Percent Sales: 160 X 90 $14‚400 $ 160 100% Less variable costs/expenses: .70 X 90 $ 6‚300 $70 44% Contribution margin: $ 8‚100 $90 56% Less fixed costs/expense: $3‚150‚000 Net operating income: $3‚141‚900 8‚100 /14‚400 = 56% 100 - 56 = 44% BEP in passengers
Premium Variable cost Costs Management accounting
Case Study 1 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70
Premium Variable cost Costs Management accounting
Study #2 A) What is the break-even point in passengers and revenues per month? Unit CM = $160 – $70= $90 Unit of Sales = 3‚150‚000 / $90= 35‚000 passengers Unit of Sales = 35‚000 x $160= $5‚600‚000 revenue B) What is the break-even point in number of passenger train cars per month? Unit of Sales = 35‚000/63= 555.5= 556 passenger cars C) If Springfield Express raises its average passenger fare to $ 190‚ it is estimated
Premium Variable cost Costs Economics of production