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.

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DAVID EFFAH 6709                                                          FINANCIAL REPORT

FINANCIAL REPORT FOR SCHOOL PRODUCTION

1.    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.

2.  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

This means that the maximum income that could have achieved was

£6.00 x 300 =£1800

2a TICKET SALE

1st Night

2a i                                                                                

        The first night of 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 member of family (such as any OAP’s like there 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 OAP and their number was fair enough because not all OAPs would be interest in children school production.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

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The total revenue that they earn that day was below the average because they spend less money on the advertisement.  The tickets sales represents 67% of the maximum possible of these 65% was to adults, as can be seen in the pie chart below of the £977 income 81% come from adult ticket sales.

2nd Night

2a ii Second night

On the second day of the school production, the adult tickets was increased from 65% to 80% as compare to the first night, that means an increased of 15%.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

The OAPs tickets was also decreased ...

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