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# 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.

Extracts from this document...

Introduction

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 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 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). ...read more.

Middle

This means that increasing the children's ticket up can solve this problem Tickets sales income, 85% of all tickets were sold. Of these 80% were to adults and 13% were to children. This resulted in high overall revenue of �1362.50 Adults' tickets sale now represents 91% of the revenue while children are only 6% 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 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 were 60% as compared to those two previous nights. The children ticket was 27% higher than the adult ticket. The OAP ticket was 7% as compared to those two nights as it was 10% and the second night 6%. The percentage tickets sold was 100%. This means that all seats were filled up. ...read more.

Conclusion

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. The final profit is larger than any other production. The governors will need to consider the following courses of action: Retain all profit to support next production Give all profit to a charity Give a percentage of the profit to a charity If the charity option is chosen such as Which charity? Who will choose? What percentage Will all need to be considered by the governors. This is however outside the scope of the report. DAVID EFFAH 6709 FINANCIAL REPORT DAVID EFFAH 6709 FINANCIAL REPORT ...read more.

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