Financial Report for a School Production

759 Words2 Pages
bulb-icon

Recommended: Financial reporting mechanics

Financial Report for a School Production

AIM: The aim of the financial report is to supply information on the

costs and revenue of the school production to the school governors.

The finance office had some data on the income and expenditure of the

school production. This was used to generate an analysis of the

revenue of the production for the governors meeting.

REVENUE: The production took placed on three 3 evenings, the hall

could seat a total of three hundred and the tickets cost:

Adult tickets= £6.00

Children ticket = £2.50

=======================

OAP tickets = £3.00

===================

1st Night

Tickets Types

Total tickets

Total Revenue

Adult tickets

132

*£6.00

£792

Children ticket

50

* £2.50

£125

OAP tickets

20

* £3.00

£60

Total tickets and Amount

========================

202

£977

[IMAGE]

First night

The first night of the production, the number of sales of the adult

tickets were higher than the children tickets because a child would be

accompanied by his or her parents and other members of family (such as

any OAP's like their grandparents). This creates a situation where the

production seems to be directed for the adults as the primary

audience. 10% of the tickets were sold to the OAPs and their number

was fair enough because not all OAPs would be interested in children's

school production.65% of the tickets were sold to the adults and 25%

to the children. You will notice that there was a great decrease in

the children's tickets because they spend less money on advertisement

and the children tickets was too affordable. The percentage of the

ticket sold was 67%; putting more money in the advertisement could

increase this. The total revenue that they earn that day was below the

average because they spend less money on the advertisement.

2nd Night

Tickets Types

Show More
Related

  • Deer Valley Lodge Financial Analysis

    1001 Words  | 3 Pages

    Next I will need to find out the yearly net income from the investment. This will be gross ticket sales minus the total expenses. Deer Valley expects 300 skiers per day for 40 days at $55.00 per ticket, giving us $660,000 in ticket sales. In order to figure the total expenses I need to separate the fixed and variable expenses. Fixed expenses are those that will be there everyday the lodge is open regardless of the number of skiers. The Lodge is open 200 days per year and the cost of running the new lift is $500 per day for the entire 200 days giving us $100,000 in fixed costs. Variable costs are the expenses based on the number of customers. There is an additional $5 expense per skier per day associated with the new lift. If there are 300 skiers multiplied by $5 each multiplied by the 40 days that they are expected to be on the lift, we will have $60,000 in variable expenses. Fixed costs of $100,000 plus the variable costs of $60,000 will give us $160,000 in total expenses. The gross ticket sales of $660,000 minus the total expenses of $160,000 give us a yearly net income of $500,000.

    Read More

  • Documenting the Process to Record Equity in Financial Statements

    1038 Words  | 3 Pages

    This narrative is to document the process to record equity in the financial statements. Gibson Energy ULC currently is not a publicly traded corporation and is a wholly owned subsidiary of Gibson Energy Holding ULC who is an indirect wholly owned subsidiary of R/C Guitar Cooperatief U.A., a Dutch co-op owned by investment funds affiliated with Riverstone Holdings LLC. As a result, the risks associated with recording share activity is low due to limited transactions and the process to record Share Capital is covered under the sub-process ‘Journal Entries’ documented in the Corporate Reporting Process Narrative. This narrative is focussed on Contributed Surplus, which currently is an Equity Incentive Plan (Stock based compensation).

    Read More

  • Exploring Why a Large Number of Crimes Aren't Reported

    808 Words  | 2 Pages

    = = = = =

    Read More

  • Of Mice and Men essay on Crooks character.

    799 Words  | 2 Pages

    = = = = =

    Read More

  • The Effect of Light on the Organic Plant Elodea

    845 Words  | 2 Pages

    = = = = =

    Read More

  • Response to Shakespeare's The Merchant of Venice by a Modern Audience

    1112 Words  | 3 Pages

    == == == == ==

    Read More

  • Heart Rate Lab Report

    998 Words  | 2 Pages

    = = = = =

    Read More

  • Financial Reporting in New Zealand

    933 Words  | 2 Pages

    The New Zealand (NZ) Framework for Financial Reporting is in the process of changing since 2009, as a result of the review of the statutory reporting requirements in New Zealand by Ministry of Economic Development (MED) and the Accounting Standard Review Board (ASRB). The mainly recommendation was to remove small and medium sized companies from the statutory reporting framework (Ernst & Young, 2013, p.11). This New Zealand Framework for Financial Reporting 2010 (NZ Framework) was issued by the New Zealand Accounting Standards Board of the External Reporting Board (XRB) in 2011. The changes of framework pull open the NZ financial reporting standards that comprise NZ Generally Accepted Accounting Practice (GAAP) setting movement from ‘rule-based’ approach to ‘principle-based’ approach. Then comes to the question: Whether the application of NZ GAAP is supported positively by the NZ Framework with the appropriate underlying principles, or it preserved a largely ‘rule-driven’ approach? From my perspective, NZ Framework provides parts of applicable underlying principles in guidance of NZ GAAP but there are rooms for improvement.

    Read More

  • Sageworks: Financial Statement Analysis

    211 Words  | 1 Pages

    Also the Forbes magazine published an article in June’s 2014 edition were they reported that according to The US Bureau of Labor Statistics projects that day care businesses will have some of the fastest employment growth of all industries through 2020, and also, according to data from Sageworks, child day care businesses in the US have consistently grown sales in recent years, even as many other industries struggled in the economic recession and subsequent recovery.

    Read More

  • The Effect of pH on Enzyme Activity

    602 Words  | 2 Pages

    = = = = ==

    Read More

  • Egg Albumen Experiment

    1251 Words  | 3 Pages

    = = = = =

    Read More

  • Cognitive Development and Language Skills Development

    2085 Words  | 5 Pages

    = = = = =

    Read More

  • Student Accountancy Statement

    293 Words  | 1 Pages

    As a full-time PhD student lacking income from off-campus employment, I have a very heavy financial need to pay for the tuition, fees, and room and board all by myself. Since it is expected to take 4 years of intensive study, a stable and secure financial support is certainly very important.

    Read More

  • Human Impact on the Environment

    1252 Words  | 3 Pages

    == == == == ==

    Read More

  • School Finance Essay

    1404 Words  | 3 Pages

    In regards to school finance, the ultimate goal of school administrators is to provide all students with the most cost effective, comprehensive education that meets all federal, state, and local requirements and that reflects the values and beliefs within the community. This means that it is an expectation for schools to equip all students equally with the best possible educational opportunities that a community is willing to furnish. However, to accomplish this, school administrators must be able to sustain school programs throughout various economic periods.

    Read More

More about Financial Report for a School Production

Open Document