• 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

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.

    Recommendation (Part two of Marginal costing) To make the decision I recommend the managing director to consider the points that will be shown below. 1. If the company wants to develop the product then it will not have the choice if the products are bought but it can easily be done if the company is making the product itself.

  1. PEST Analysis

    However, my business is a game shop, which will mean that games and consoles are on a high demand all year due to the products being updated often. Therefore, my business isn't likely to be affected too much by the UK's GDP.

  2. Complete Report on Askari Commercial Bank

    Our products and services are as diverse as our market segments. Our client relationship managers are well equipped and well trained to provide the most efficient and personalized service to the customers. We have structured and syndicated financing arrangements, provided working capital and balancing-modernization-replacement (BMR)

  1. Business and finance

    The loan will be at a fixed rate of interest with the repayments spread over affordable monthly instalments. You can choose a loan amount and repayment period that suits your circumstances. Select loan. A select loan is especially for select current account customers.

  2. Costs, Profits and Break-even Analysis.

    By doing this management is trying to make employees feel to be in more control over their immediate working environment. It will hopefully boost a feeling of participation, involvement and being part of a team. If it works it should improve both the quantity and quality of the output from employees.

  1. What does Finance involve.

    .... �500.00 This is just my back-up plan for extra stock as I know the list above is the main stock but I will need more once my business sis started so this bought will be used to meet those costs.

  2. Produce a report divided into seven main sections based on a case-study BB Ltd ...

    = 350 Therefore the number of toys produced per year is 350 toys Total Variable costs To find out the variable cost per toy I will add the direct material and the direct labour per toy together. Direct material per toy Wood �6.00 Canvas �5.50 Metal locks �1.20 Label �0.80

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