Question

a. The seating in a local theatre is arranged so that there are 40 seats in...

a. The seating in a local theatre is arranged so that there are 40 seats in the first row, 42 in the second row , and so on. If there are 25 rows, and the standard ticket price is $150 per seat, calculate the total revenue if the theatre is sold out?

b. If sales at ABC Company was $0.8 million in the first year of operation and is expected to increase annually at a rate of 6%.How much is sales expected to be in the 8 th year of operation and what would be the total sales over ABC′ s first 10 years in business? (Give answer in millions to 1 d. p)

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