Study #2 A) What is the break-even point in passengers and revenues per month? Unit CM = $160 – $70= $90 Unit of Sales = 3‚150‚000 / $90= 35‚000 passengers Unit of Sales = 35‚000 x $160= $5‚600‚000 revenue B) What is the break-even point in number of passenger train cars per month? Unit of Sales = 35‚000/63= 555.5= 556 passenger cars C) If Springfield Express raises its average passenger fare to $ 190‚ it is estimated
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Background The NBA Collective Bargaining Agreement is the contract between the NBA team owners and the NBA Players Association that dictates the rules of player contracts‚ trades‚ revenue distribution and the salary cap. Since the previous CBA signed in 2005 was going to be expired before July 2011‚ the two parties‚ team owners and basketball players had to come up with a new CBA for the upcoming few seasons. According to the CBA signed in 2005‚ a soft cap system (at $58 million) was adopted
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What is the break-even point in passengers and revenues per month? First we have to figure out the contribution Margin = Sales per fare – variable expense per unit: $160.00 - $70.00 = $90.00 (Contribution Margin. Break Even point in passengers= Fixed costs (divided) contribution Margin: $3‚150‚000 / $90 = 35‚000 passengers. Break-even point in revenues per month = Fare sales to breakeven (X) Sales per unit. 35‚000 x $160 = $5‚600‚000 • What is the break-even
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Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 |Average variable cost per passenger $70 |Fixed operating cost per month $3‚150‚000 1. What is the break-even point in passengers and revenues per month? Unit CM = $160 – $70= $90 a.) Unit of Sales = 3‚150‚000 / $90= 35‚000 passengers
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Development Fund -Operation and Maintenance -Model Concession Agreement - Net Present Value - GMR-Hyderabad International Airport Ltd. - Malaysia Airports Holding Berhad - Government of India - Government of Andhra Pradesh - Government of Rajasthan -Airport Authority of India -International Civil Aviation Organization -Independent Regulatory Authority - National Highway Authority of India - Special Purpose Vehicle - Concession Agreement - Model Concession Agreement - Scheduled Project Completion Date
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Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70 Fixed operating cost
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Football Stadium Recommendation The residents of Springfield have a big decision to make; “Springfield finally has a surplus in the budget after years of being in debt‚ and all citizens have to decide if building a new NFL stadium is a good investment of their tax dollars.” Building the stadium would initially cost the taxpayer’s $90 million dollars‚ but “the team promises that the voters will be paid back the money to build a new stadium through tax revenues that the new stadium will generate.” Even non-sports
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COST AND QUALITY ISSUES IN ROAD CONCESSION CONTRACTS P. Alexander‚ D.W. Burger‚ G. Esterhuysen‚ J.J. Smit and A. Taute ABSTRACT Road concession contracts provide one way of delivering roads that differ significantly from the more traditional means of designing and calling for state-funded conventional construction tenders. Concession contracts can provide some significant benefits over conventionally-funded construction projects but they also create their own unique set of problems that need
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willing to compromise in order to reach an agreement. The disagreement and downfall within the sport was when the lockout meaning “no hockey would be played‚ no revenues would be collected‚ and no salaries would be paid‚ with the lockout in effect‚ 150 NHL players joined European hockey clubs and sports arena began finding other sources of revenue” (Malhotra & Hout‚ 2006). The players and the Union should reach an agreement to prevent future cancellation which could result in the loss of more fans and
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Additional Problems and Cases Chapter 1 Extra Problems/Cases 41. What is the difference between a parameter and a decision variable in a mathematical model? 42. Discuss how a spreadsheet can facilitate the development of a model shell and the model itself. 43. United Airlines faces not only the situations described in the opening vignette to this chapter‚ but many other problems as well. Give five examples of optimization models and five examples of prediction models that you feel would be relevant
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