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Business

A garage band wants to hold a concert. The expected crowd is 3,000. The average
expenditure on concessions is $ IS. Tickets sell for $10 each, and the band’s profit
is 80% of the gate, along with concession sales, minus a fixed cost of $10,000.
Develop a general mathematical model and implement it on a spreadsheet to find
their expected profit.
Use the Markdown Pricing Decisions spreadsheet model and a two-way data table
to find the total revenue if days at full retail vary from 20 to 40 in increments of 5
and the intermediate markdown varies from [5% to 50% in increments of 5%.
For the garage-band model you developed in Problem 4, define and run some rea-
sonable scenarios using the Scenario Manager to evaluate profitability for varia-
tions in the estimates.

Originally posted 2016-10-25 09:59:48.

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Business

Prompt: Read the case study below. In your discussion, address the critical element that follows.
Case Study Three: Jeb and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoor enthusiast. They have decided to open a sporting goods store, Arcadia Sports, using Jeb’s considerable financial resources and Josh’s extensive knowledge of all things outdoors. In addition to selling sporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. Jeb will not participate in the day-to-day operations of the store or in the excursions. Both Jeb and Josh have agreed to split the profits down the middle. On the first whitewater rafting excursion, a customer named Jane falls off the raft and suffers a severe concussion and permanent damage to her spine. Meanwhile, Jeb’s wind farms are shut down by government regulators, and he goes bankrupt, leaving extensive personal creditors looking to collect.
Specifically, the following critical element must be addressed:
 Identify the main types of business entities and discuss the advantages and disadvantages of each.
Your active participation in this discussion is essential to improving your understanding of the advantages and disadvantages of the various business entities. Actively engaging with your peers will help you complete the remaining critical elements in the third case study for your final submission.
Students are required to post one (1) initial post and to follow up with at least two

Originally posted 2016-10-25 09:59:48.

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