Burlington Bees Case

Burlington Bees Case - Whatarethestagesofanaudit? Accept...

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Boris Bernstein 20252771 Burlington Bees Case 1. Using the information provided, please develop an expectation for ticket revenues for the 2002 fiscal year. Total Park Attendance: 434,348 Weekday Games 43 Promotion weekday games 7 Weekend Games 29 Promotion Weekend games 10 Avg. Weekday attendance 5,349 434348/(43-7+7*1.1+(29-10)*1.25+10*1.25*1.1) Avg. Weekend attendance 6,686 5349 x 1.25 Sales Mix: Weekday Ticket price Revenue Weekend Ticket price Revenue Club seats 30% 1605 $10 $16,047 25% 1672 $10 $16,716 box seats 35% 1872 $6 $11,233 30% 2006 $6 $12,036 general seats: Adult 20% 1070 $4 $4,279 25% 1672 $4 $6,686 child 15% 802 $2 $1,605 20% 1337 $2 $2,675 5349 $33,165 6686 $38,112 Games 43 29 Total Revenue $1,426,074 $1,105,261 $2,531,334 2001 Revenue $1,900,000 2002 Revenue $2,531,334 Revenue Growth rate 33.23% 2001 Attendance 390000 2002 Attendance 434348 Attendance Growth rate 11.37% Ticket Price increase 10% Net Observed increase 21.37% 1
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Boris Bernstein 20252771 Expected revenue $2,531,334 Lower range (R*21.37%) $2,306,054 Higher range $2,756,614 2. If we set materiality at 0.5% of revenues we get materiality set at approximately $12,500.
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Burlington Bees Case - Whatarethestagesofanaudit? Accept...

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