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Mr C & Mr F’s Crazy World Cup Conundrums!<br />FUN TASK designed to bring in / tie together ALL the topics we’ve been doin...
Mr C & Mr F’s Crazy World Cup Conundrums!<br />England v Algeria 7:30pm BBC<br />Green Point Stadium Cape Town South Afric...
Mr C & Mr F’s Crazy World Cup Conundrums!<br />England v Algeria 7:30pm BBC<br />Green Point Stadium Cape Town South Afric...
Mr C & Mr F’s Crazy World Cup Conundrums!<br />Adidas are the official suppliers of the World Cup Ball – “Jabulani”<br />W...
Mr C & Mr F’s Crazy World Cup Conundrums!<br />Adidas reckon they could make some money from “Jabulani” sales worldwide! W...
Mr C & Mr F’s Crazy World Cup Conundrums!<br />ONE LAST CHECK:<br />What are COSTS?<br />FIXED COSTS?<br />VARIABLE COSTS?...
Mr C & Mr F’s Crazy World Cup Conundrums!<br />REWARD TIME<br />WORLD CUP MATCH <br />or <br />INTERNET TIME<br />
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Mf & gc world cup finance fun

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Transcript of "Mf & gc world cup finance fun"

  1. 1. Mr C & Mr F’s Crazy World Cup Conundrums!<br />FUN TASK designed to bring in / tie together ALL the topics we’ve been doing these past couple of weeks!<br />BREAK-EVEN<br />COSTS (START-UP & RUNNING)<br />PROFITS <br />LOSS<br />REVENUE / TURNOVER<br />
  2. 2. Mr C & Mr F’s Crazy World Cup Conundrums!<br />England v Algeria 7:30pm BBC<br />Green Point Stadium Cape Town South Africa TONIGHT!<br />How many Vuvuzelas will need to be sold by Andre Preneur (Stadium Owner ) to cover the cost of hosting the big match tonight?<br />Cost of hosting match £2 Million <br />(Mr Williams News Research!)<br />Cost of making Vuvuzela 50p each <br />Vuvuzela sells for £5 each<br />Does Vuvuzela revenue cover costs (assuming everyone buys one)? <br />Does Andre cover the costs?<br />How big would the stadium have to be to break even using vuvuzela revenue?<br />
  3. 3. Mr C & Mr F’s Crazy World Cup Conundrums!<br />England v Algeria 7:30pm BBC<br />Green Point Stadium Cape Town South Africa TONIGHT!<br />What about other sources of REVENUE?<br />Name 5!<br />(SPACE TO RECORD REVENUE SOURCES AND RELEVANT COSTS AND SELLING PRICES)<br />Now does Andre cover costs?<br />(Don’t forget income from the Vuvuzelas!)<br />Does he make a PROFIT or a LOSS?<br />Can you now define COSTS, REVENUE, PROFIT AND LOSS?<br />
  4. 4. Mr C & Mr F’s Crazy World Cup Conundrums!<br />Adidas are the official suppliers of the World Cup Ball – “Jabulani”<br />When Adidas were approached by FIFA to make 800 Footballs for the World Cup, they had to come up with some financial figures (based on 2 months work) –<br />3 Designers Wages - £300,000<br />Factory Premises Germany - £2.2M<br />Workers (10) Wages - £200,000<br />Materials - £80,000<br />Heating - £200,000<br />Lighting - £10,000<br />Electricity - £500,000<br />Water - £30,000<br />Canteen Facilities - £20,000<br />What are the TOTAL COSTS?<br />Which are START-UP and which are RUNNING COSTS?<br />
  5. 5. Mr C & Mr F’s Crazy World Cup Conundrums!<br />Adidas reckon they could make some money from “Jabulani” sales worldwide! When do they break-even according to the figures and formula below..<br />Rent for Factory - £2M<br />Tax - £5M<br />Insurance - £1M<br />Heating, Lighting, Electric etc - £2M<br />Workers Wages per ball - £10<br />Materials per ball - £3<br />Each ball retails (sells) for £80<br />Break Even Formula – FC / (SP-VC)<br />What is the Break even point? How many balls will need to be sold?<br />
  6. 6. Mr C & Mr F’s Crazy World Cup Conundrums!<br />ONE LAST CHECK:<br />What are COSTS?<br />FIXED COSTS?<br />VARIABLE COSTS?<br />START-UP COSTS?<br />RUNNING COSTS?<br />What is PROFIT?<br />LOSS?<br />REVENUE?<br />SELLING PRICE?<br />BREAK-EVEN?<br />WHO ELSE IS MAKING MONEY FROM THE WORLD CUP?<br />
  7. 7. Mr C & Mr F’s Crazy World Cup Conundrums!<br />REWARD TIME<br />WORLD CUP MATCH <br />or <br />INTERNET TIME<br />
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