Answer:
Total Revenue = $2000 + $1500
Total Revenue = $3500
Therefore, the total revenue generated from selling movie tickets and concession stand sales is $3500.
Step-by-step explanation:
To calculate the total revenue generated from selling movie tickets and concession stand sales, follow these steps:
Step 1: Calculate the revenue from selling movie tickets.
Revenue from Movie Tickets = Cash received from ticket sales
In this case, the cash received from ticket sales is $2000.
Revenue from Movie Tickets = $2000
Step 2: Calculate the revenue from the concession stand sales.
Revenue from Concession Stand = Cash received from concession stand sales
In this case, the cash received from the concession stand is $1500.
Revenue from Concession Stand = $1500
Step 3: Calculate the total revenue.
Total Revenue = Revenue from Movie Tickets + Revenue from Concession Stand
Step-by-step explanation:
Revenue represents the total amount of money generated from the sale of goods or services. In this scenario, we calculate the revenue by adding the cash received from selling movie tickets and the cash received from the concession stand sales.
Note that revenue reflects the cash received in this case. It does not account for any credit sales or revenue earned but not yet received.