want to see by which combination we can maximize our profit. Assuming the population is 100 people‚ we multiply the accumulated percentage and the price to estimate our revenue: Therefore we get our initial estimate of our pricing: Single ticket:$10 5-game ticket:$8 20-game half-season:$6-$8 38-game season:$6 To go further‚ we want to estimate the average sales of each game. According to the survey‚ the sample was taken from Springfield census tract of households with income above the poverty level
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accounting firm of Hickman and Snowden‚ CPAs‚ has served as the Bees’ auditors for the past five years. One of the major audit areas involves testing ticket revenues. Those revenues reached nearly $1.9 million in 200W. In prior years‚ the audit plan called for extensive detail testing of revenue accounts to gain assurance that reported ticket revenues were fairly stated. Michelle Kramme‚ a new audit manager‚ just received the assignment to be the manager on the 200X audit. Michelle worked previously
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Application Activity: Tickets to the Show This week‚ from Sunday through Friday‚ the local theater sold adult and student tickets to their current play. The person in charge of selling the tickets kept a record of the number of adult and student tickets sold on each day. However‚ the person forgot which day the tickets were actually sold. The number of adult tickets sold (three‚ twenty-five‚ nineteen‚ sixteen‚ fourteen‚ and thirty tickets) and the number of student tickets sold (twelve‚ thirty-four
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airline tickets has certainly affected other industries with different modes of transport. One example is the express buses. As the demand for express bus tickets is price elastic‚ the relative increase in the price of the tickets would result in a more than proportionate decrease in the quantity demanded for them. Such a prediction is highly possible as express buses and airplanes are close substitutes. Figure 2(a) and Figure 2(b) show that the demand for express bus tickets is more
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fans that are tired of driving to Boston at a fraction of the price. With a declining economy reasonable ticket prices would be ideal for the community. The task of Larry Buckingham‚ marketing director for Nor’easters‚ is to sell Nor’easters residents on the baseball experience. Buckingham’s strength is that he has experience in entertainment‚ marketing and specifically pricing tickets. People wanted to attend games to have fun and revenue wasn’t correlated toward the teams’ win/lost results
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install it. The Online Bus Ticket Reservation System is a web-based application that allows visitors check bus ticket availability‚ buy bus ticket and pay the bus ticket online system is established for all the home office users after gaining access from the administrator. III. Problem Customers have to go to the counter to buy bus ticket or ask for bus schedule. Customers need to pay cash when they buy bus tickets and sometimes needs to queue up for hours to get bus tickets. Besides that‚ customers
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condition bus. Statement of the Problem The company has been using the conventional ticketing system since its inception. The current system employs issuing paper ticket including 2‚4‚5‚7‚9‚10‚12‚15 and 20 pesos to bus conductors by the controllers. Due to a large number of tickets issued‚ tracking and managing these tickets to produce sales and expense reports become tedious. Objectives of the Study Developing a database management software for Cher Bus Ticketing and Sales System is an
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Springfield‚ Massachusetts had been to come up with the pricing strategy for tickets. Challenge for him is to achieve break even on the first year‚ also by handling the marketing strategies for the team‚ and all above the following. 1. Springfield is more economical‚ they are concerned about their spending. 2. Ticket revenue should be from mix of season tickets‚ group sales and individual ticket sales 3. Consider group ticket sales with special promotions to Little League teams‚ summer camp programs
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sales incentive plan for the three sales staff? How does this information affect your plan design? In order to increase the sales there should be an analysis that will identify how to create a plan that will motivate employees to sale more premium tickets which are more expensive but it will bring an ultimate balance of maximizing profit based on the sales. If all premium seats are sold the bigger the incentive the sales representative will receive. Incentives also give the employee a more personal
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the benefit for a firm. A model of price discrimination is described which includes both second-degree and third-degree price discrimination. The model is designed to analyze ticket sales for a Broadway play. Heterogeneous consumers choose between tickets for various seat qualities‚ tickets sold at a discount booth‚ and tickets requiring a coupon available to a subset of the potential consumers. Using data from a Broadway play‚ the structural
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