Part of The Student Room Group

  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Financial report for the school production

Extracts from this document...

Introduction

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 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 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). ...read more.

Middle

The OAPs tickets was also decreased from 10% to 6% as compare to the first night show and a decrease of 4% as you wouldn't expert an OAPs to fill the place up because it is specifically meant for children. As the children's tickets was14% as compare to the first night ticket of 25%, this shows a decreased of 11%. The percentage of the ticket sold was 85% as compare to the first night which was 67%, an increased of 18%. This means that increasing the children's ticket up can solve this problem 3rd Night TICKETS TYPES Total tickets Total Revenue Adult tickets 99 *6.00 �594 Children ticket 179 *2.50 �447.50 OAP tickets 22 *3.00 �66 Total tickets and Amount 300 �1184.50 Third night On the third night of the production, there was a significant change in the production. This time, the adult's ticket was 33% and the children tickets was 60% as compared to those two previous nights. The children ticket was 27% higher than the adult ticket. ...read more.

Conclusion

profit over the three nights were: 3524.00 - 436.50 3087.50 EXPENSES OF PRODUCTION ITEMS AMOUNT COSTUME HIRE �250 MATERIAL FOR SCENERY �75 MAKE UP �17.50 WIRING LIGHTS �24 OVERTIME FOR SCHOOL KEEPERS �35 TICKET PRINTING AND LEAFLET �20 ADVERTISING �15 TOTAL AMOUNT �436.50 This is the expense they spend for the production to take place. Conclusion The overall money rose for the school production was satisfactory, and will be put towards next year's school production to help reduce the cost. The best way to generate higher amount profit is to increase the amount of the children's tickets. The money they put in the advertisement wasn't enough. In other to generate money out of it, they should have put more money in the advertisement in other to bring more people to the first night show. To generate money from a production you will apparently have to put higher amount of money for you to get higher amount of profit. ?? ?? ?? ?? FINANCIAL REPORT DAVID EFFAH 6709 FINANCIAL REPORT ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE DH Lawrence section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

or


Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE DH Lawrence essays

  1. In this assignment I am opening a tuck shop in the school grounds and ...

    it will affect my break Even point because if any off these did change I will be prepared to do something to keep my business running smooth and not to be under debt. For my first break - even chart I will sell my goods from my tuck shop at

  2. Management Accounting Report.

    Less buying variable costs 1200 x �264 (316,800) Gross profit 403,200 313,200 Less fixed costs S/d �47 Factory overheads and storage �65 x 1200 (184,800) (134,400) this is the minimum amount that fixed cost and it can be more but we do not have all information needed to find out the right amount.

  1. Costs, Profits and Break-even Analysis.

    Many industries are now like this including the car and steel industries. The technique that a company uses depends on several things: * the size of the company - small companies are often not in a position to afford expensive capital equipment.

  2. This report has been produced as evidence for Unit 9 - 'Financial Services' - ...

    I will be looking a various rates of APR (interest rates) Jamie would be paying when he takes out a mortgage. There are a range of choices from which Jamie can look at, they include: 1. Fixed rates: The amount you pay per month is fixed over period of time over one year or more.

  1. What does Finance involve.

    to work out my equipment costs these equipment costs are the range of costs which occur when buying equipment. My equipment costs will be things such as ovens, fridge, till, phone, fax, machines etc. these equipments will start me off and hopefully over the next few years I will be able to use better equipments in my shop.

  2. Work placement at Family Mosaic.

    By advancing technology, Lambeth council are beginning to provide every employee with a laptop so they can send emails to customers as it is much quicker and more efficient as they would not be using the phone all the time.

  1. Portfolio analysis

    My 3rd company that I invested in was Cadbury last week I made a 80p loss and this week I made another loss 10p although it was not much I was very disappointed that I kept getting losses every week the value of shares for Cadbury now was �8615 I

  2. PEST Analysis

    But another advantage of this law is that planning permission encourages economic growth while at the same time protecting the environment. Local authorities are not likely to have a negative affect on my business because they are there to assist businesses as much as possible due to businesses creating jobs

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work