Sam 445 assign 4 Assignment Example | Topics and Well Written Essays - 750 words

Sam 445 pin down 4 - Assignment ExampleSince a minor confederation baseball team does not rule in revenues from advertising or ticket sales like a Major League baseball game team does, its survival is financially dependent on community and business donations, team fundraisers, and sales from the nutrient concession plinth in order to cover all the budgeted expenses for the year. The sales of the food concession stand also help supplement and affirm a general expense fund to cover move expenses and any unexpected team or organizational financial contingencies and expenses.As the concessions manager it is his responsibility to maintain detailed financial receipts and organizational records in order to be able to calculate overall fixed cost and unit costs. Additionally in order for management to number the yearly thorough expenses the concessions manager provides the team general manager with estimated yearly concession food stand budgets and food costs budget in order to co mplete the yearly team budget. For this year the minor baseball league schedule calls for a 70 game season, plus training and team drill sessions. Cost-Volume Profit (CVP) depth psychology is one of the most powerful tools available to managers of all organizations big or small. The CVP process helps managers and internal stakeholders to deduce how overall volume, costs and profits are all interrelated and analyzes the behavior of the following five elements (Garrison & Noreen, 2003) in that location are certain steps the concessions manager together with other managing team members must perform in order to utilize CVP effectively and be able to estimate total revenues and total surplus profits. The runner step is to estimate the average number of individuals that will attend the team regular season games, practice sessions as well as estimating how attendance will increase if the team qualifies for the playoffs. The second step is to estimate based on