Harvard business reports (1930)

Record Details:

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FORD THEATERS, INCORPORATED 507 1 and 2. Similar figures were not available for each of the four neighborhood theaters. Current estimates could be obtained, however, by a physical valuation. Exhibit i Cost Analysis of Alameda Theater Building Cost of theater % $221,138 Cost of commercial part (stores and apartments) 33,311 Cost of entire building Cost of equipment Architects' fee Total. $254,449 56,450 18,654 $329,553 Cost per Seat Theater section Theater equipment. Architects' fee Total cost per seat Number of seats on main floor 1 , 1 23 Number of seats in balcony 420 Total number of seats 1 , 543 Volume of theater in cubic feet 858,852 Cubic feet of theater per seat, approximately 495 Square feet of floor space rentable for stores and apartments Number of stores Number of apartments (n rooms) Unit Cost of Project per Cubic Foot (Expressed in Dollars) Theater and commercial section Commercial section alone Theater section alone Theater equipment Theater section and equipment Theater section equipment and architect $143 J5 36.50 "•35 $191 .00 627 5 7 .298 ■350 . 290 .074 •364 .385 After a thorough investigation, three methods were submitted for the president's approval. The first suggested that the company employ an accountant to install what he believed to be an adequate method of calculating rates of depreciation. Dependent upon the capabilities of the accountant, much could be suggested in favor of this plan, particularly because it offered the only practical means by which the peculiarities inherent in each Ford theater might be taken into consideration. It was discarded, however, because none of the local accountants was familiar with motion picture theater operation, and the services of one of the large national accounting firms that had specialized in motion picture accounting were deemed too expensive for this project.