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Margaret [11]
2 years ago
5

An arena receives $1,000 per event for 16 concerts. If the administrative costs for this sponsorship total $12,000, what is the

profit margin for the concert sponsorship?
Business
2 answers:
finlep [7]2 years ago
6 0
1,000 multiply 16
16,000-12,000=4,000
Mkey [24]2 years ago
3 0

ANSWER: $4000

EXPLANATION: It can be seen that the arena receives $1000 for each events. There are total 16 concerts which has been held in the arena. So, the total fund the arena received is $1,000 x 16 = $16,000.

However, the administrative costs of the arena stands at $12,000.

So, the profit margin of the arena for the concert sponsorship is $16,000 - $12,000 = $4,000

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While performing a financial analysis for his organization, Morris discovers that there has been mismanagement of employee funds
Scrat [10]

Answer: Internal auditor

Explanation: Internal auditor refers to the audit professionals in an organisation. The internal auditor ensures that the operations of the business are within the boundaries of laws and regulations made.

In the given case, Morris was evaluating the financial statements and detected that employees funds are not managed as per the regulations. He also reports the violation to his supervisors.

Hence we can conclude that Morris is an internal auditor.

7 0
2 years ago
When the economy suffers a permanent negative supply shock and the central bank does not respond by changing the autonomous comp
Gnom [1K]

Answer:

Output will be lower

Explanation:

Supply shock is an economic event that occurs because of sudden changes in the supply of goods and services within an economy.

A negative supply shock will shift the SRAS to the left and it will increase the price of the good and decrease the quantity, the new equilibrium will be at lower output and higher inflation.

When the economy suffers a permanent negative supply shock, the supply may keep on increasing or decreasing rapidly.

If the central bank does not respond by changing the autonomous component of monetary policy, then the output will be lower.

This is because permanent supply shock will lead to higher prices which disrupts the production and hence the output falls.

8 0
1 year ago
Which of the following statements is most true of order-getting salespeople?
melisa1 [442]

Answer:they seek out possible buyers and sue an organized creative approach to present messages

Explanation:

3 0
2 years ago
Bernie is a former executive who is retired. This year Bernie received $190,000 in pension payments and $15,200 of Social Securi
N76 [4]

Answer:

$202,920

Explanation:

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Using this formula

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Gross income=$190,000 + ($15,200 * 85%)

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Therefore The amount that Bernie must include in his gross income is $202,920

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