FINANCIAL REPORT FOR 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
st Night
Tickets Types
Total tickets
Total Revenue
Adult tickets
32
*£6.00
£792
Children ticket
50
* £2.50
£125
OAP tickets
20
* £3.00
£60
Total tickets and Amount
202
£977
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.
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
st Night
Tickets Types
Total tickets
Total Revenue
Adult tickets
32
*£6.00
£792
Children ticket
50
* £2.50
£125
OAP tickets
20
* £3.00
£60
Total tickets and Amount
202
£977
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.
