1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Margaret [11]
3 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]3 years ago
6 0
1,000 multiply 16
16,000-12,000=4,000
Mkey [24]3 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

You might be interested in
Media planners seek to reach the largest possible percentage of their target audience with no monetary limitations.
CaHeK987 [17]

As regards media planners trying to reach a large percentage of their target audience with no limitations, this is <u>False</u>.

<h3>Why is this statement false?</h3>

The ultimate goal of a company is to reduce costs and make more profit. As a result, media planners try to keep costs as low as possible when engaging in ad campaigns.

This means that they try to reach the largest percentage of people they can reach, with limitations placed on them.

In conclusion, this is false.

Find out more on media planners at brainly.com/question/7289927.

4 0
1 year ago
Determine the ending inventory under the conventional retail method for the furniture department of Mayron Department Stores fro
Alisiya [41]

Answer:

$199,541.51

Explanation:

5 0
2 years ago
Mr Howard opens a restaurant that sells sandwiches and the cost of the material to make the sandwich is 5.00. He wants a 40% mar
Tema [17]

Answer:

$3.56

Explanation:

having the 40% allows you to keep the sandwich price lower

4 0
3 years ago
Sally purchased a log-splitter five years ago. This year, she purchases some new parts, gasoline, oil, and spends 2 hours repair
kompoz [17]

Answer:

C

Explanation:

The GDP or gross domestic product measures the market value of all goods and services produced in country in a specific period of time. This year GDP should not include the log-splitter because Sally purchased it five years ago. We should include this year purchases: new parts, gasoline, oil. Also, we should include the market value of the 2 hours she spent repairing the log-splitter if she paid someone to do it or if someone paid her to do it, because this is a service. But the problem suggests that she repaired her own log-splitter, then we should not include it this year GDP.  

6 0
2 years ago
Max, a new supervisor at freson inc., is being trained on skills that managers and union leaders require to encourage employee-m
emmainna [20.7K]
The answer would be: Labor relations
Labor relations is an area within the human resources that is created for better interactions between managers and the employees.
This part of training will often emphasizes what things are encouraged to be done to create a mutually beneficial workplace for all members of the company.
4 0
3 years ago
Read 2 more answers
Other questions:
  • There are only three stocks in the economy. Stock A has 20 shares outstanding and a price per share of $10. Stock B has 15 share
    14·1 answer
  • A company has a $20 million portfolio with a beta of 1.2. It would like to use futures contracts on a stock index to hedge its r
    6·1 answer
  • If in response to an increase in government spending of $25 billion, equilibrium output rises by a total of $125 billion, then t
    15·1 answer
  • A player denies an opponent an obvious goal-scoring opportunity within that player's own penalty area by a challenge involving e
    10·1 answer
  • Some researchers and analysts have noticed a trend in which firms that increase their dividends see an increase in their stock p
    6·1 answer
  • Firms that charge relatively low prices and offer substantial differentiation are following a best-cost strategy. A best cost st
    15·1 answer
  • Since becoming a senior vice president at her firm, Malaika has checked in informally with workers who reported concerns related
    5·1 answer
  • Which of these are illegal activities? Check all that apply.
    14·2 answers
  • epartments have estimated annual factory overhead costs of $256,000 and $480,000, respectively. The Fabrication Dept. expects 25
    13·1 answer
  • 23
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!