- June 2022 Newsletter 27th May 2022
- May 2022 Newsletter 10th May 2022
- Easter 2022 Newsletter 8th April 2022
It is up to you how you go about completing this task. You could:
I have provided the task on this web page, a Word document and a PDF document and I have also provided a PowerPoint presentation to help you if you choose to use Excel spreadsheet. If you need any help or have difficulty accessing the documents, contact me on my e-mail address -
WilliamsC1072@hwbcymru.net
Tip: This task will take perseverance and concentration, so make sure you take a note of all your workings as you go along to make calculations easier for yourself.
Task 4 – How much money do you make from the entry fee?
Calculate how much you make each day based on the entry fee you have set.
Entry Fee: £______
Day |
Number of visitors |
Income |
Day |
Number of visitors |
Income |
1 |
50 |
|
16 |
89 |
|
2 |
75 |
|
17 |
104 |
|
3 |
66 |
|
18 |
130 |
|
4 |
49 |
|
19 |
209 |
|
5 |
61 |
|
20 |
143 |
|
6 |
67 |
|
21 |
99 |
|
7 |
102 |
|
22 |
111 |
|
8 |
110 |
|
23 |
206 |
|
9 |
87 |
|
24 |
350 |
|
10 |
21 |
|
25 |
300 |
|
11 |
24 |
|
26 |
278 |
|
12 |
67 |
|
27 |
453 |
|
13 |
66 |
|
28 |
294 |
|
14 |
98 |
|
29 |
367 |
|
15 |
109 |
|
30 |
359 |
|
Total income: _______________
Task 5 – Profit and Loss
Calculate how much money you have made, or lost, during the first month.
Each visitor to your theme park will spend:
Work out your total profit from the admission price, cafes and shops. Now take away your total costs that you have already worked out (Task 2 – Daily Cost) and find your profit or loss for each day. (a loss will be shown as a negative number, e.g. -£150)
Day |
Number of visitors |
Income |
Total Costs (b) |
Profit (a – b) |
||||
Admission |
Café |
Shop |
Ice Cream |
Total (a) |
||||
1 |
50 |
|
|
|
|
|
|
|
2 |
75 |
|
|
|
|
|
|
|
3 |
66 |
|
|
|
|
|
|
|
4 |
49 |
|
|
|
|
|
|
|
5 |
61 |
|
|
|
|
|
|
|
6 |
67 |
|
|
|
|
|
|
|
7 |
102 |
|
|
|
|
|
|
|
8 |
110 |
|
|
|
|
|
|
|
9 |
87 |
|
|
|
|
|
|
|
10 |
21 |
|
|
|
|
|
|
|
11 |
24 |
|
|
|
|
|
|
|
12 |
67 |
|
|
|
|
|
|
|
13 |
66 |
|
|
|
|
|
|
|
14 |
98 |
|
|
|
|
|
|
|
15 |
109 |
|
|
|
|
|
|
|
16 |
89 |
|
|
|
|
|
|
|
17 |
104 |
|
|
|
|
|
|
|
18 |
130 |
|
|
|
|
|
|
|
19 |
209 |
|
|
|
|
|
|
|
20 |
143 |
|
|
|
|
|
|
|
21 |
99 |
|
|
|
|
|
|
|
22 |
111 |
|
|
|
|
|
|
|
23 |
206 |
|
|
|
|
|
|
|
24 |
350 |
|
|
|
|
|
|
|
25 |
300 |
|
|
|
|
|
|
|
26 |
278 |
|
|
|
|
|
|
|
27 |
453 |
|
|
|
|
|
|
|
28 |
294 |
|
|
|
|
|
|
|
29 |
367 |
|
|
|
|
|
|
|
30 |
359 |
|
|
|
|
|
|
|
|
Total |
|
What profit or loss have you made in the first month of opening your theme park? _______ This will be your expected profit.
Task 6 – Finding your Annual Profit
The table below shows your profit or loss for each month along with some unexpected costs. Calculate your profit for each month so that you can calculate your profit the rest of the year.
|
|
Profit/Loss |
Month 1 |
Expected profit (from Task 5) |
£ |
Month 2 |
Bad weather reduces your profit by half |
£ |
Month 3 |
Expected profit |
£ |
Month 4 |
Expected profit |
£ |
Month 5 |
Good weather doubles your profit |
£ |
Month 6 |
Expected profit |
£ |
Month 7 |
Expected profit |
£ |
Month 8 |
Unexpected repairs reduce profit by £95,493 |
£ |
Month 9 |
Expected profit |
£ |
Month 10 |
Expected profit |
£ |
Month 11 |
New attractions reduce profit by £ 35,620 |
£ |
Month 12 |
Extra staff reduce profits by £45,725 |
£ |
|
Total |
£ |
Money left over after building your theme park £ ____________ (from task 1)
The Theme park has made a total loss/profit of £ ___________