1. Prepare a flexible budget, given the following information. The Flint Firebirds (Ontario Hockey League) plan on playing 20 home games. However, the team does well, and also plays 5

1.  Prepare a flexible budget, given the following information.  The Flint Firebirds (Ontario Hockey League) plan on playing 20 home games.  However, the team does well, and also plays 5 playoff games. Average revenue per customer (ticket price plus concessions net) is $12. Average attendance is 2,000 fans/game. Costs are: Arena Labor and concession costs $2,000 / game Arena rental  $10,000 / year + $1,000/game. Players and management  $400,000 / year. Prepare the flexible budget. ​​​​Static Budget​​​​ Flexible budget Number of games​​ 20​​​​​25 Revenue​ ​​480,000​​​​ Arena labor and concessions​ 40,000​​​​ Arena rental​​​30,000​​​​ Players and mgmt..​ ​400,000​​​ Total expenses​​​ 470,000​​​​ Net income (loss)​​ 10,000​​​​​

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