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Margaret [11]
4 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]4 years ago
6 0
1,000 multiply 16
16,000-12,000=4,000
Mkey [24]4 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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The direct materials and direct labor budgets provide information for preparing the:________a) production budget.b) sales budget
Korolek [52]

Answer:

C.) Cash budget.

Explanation:

As the name sounds is exactly what it directly entail; as it explains the direct input and output flow pattern of cash in a said organisation or firm. And in most cases, it is seen to access these funds and their usage pattern.

In this case, it can know and give heads up on when their is cash shortage or when a form does not have enough liquidity funds to run it. That is why here, direct and labour budgets are parts of what makes up the cash budget.

6 0
3 years ago
1. Discuss the following statement: "Corporations are not really run by their owners."
sergij07 [2.7K]
<span><span>1. </span>Discuss the following statement: "Corporations are not really run by their owners." Corporations are run by everyone who works for the corporation and without everyone working together, it will not run smoothly and bring in revenue.
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2. Why might an investor choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation? If an investor decided to join in a limited partnership instead of purchasing the stock on an open corporation they would have less to do with the business side as they would in an open corporation. When an investor joins in a limited partnership they have less management responsibility and little to no liability besides their initial investment.
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3. Is growth a good thing for all firms? How does management know when a firm is ready to grow? Growth is not a good thing for all firms. Depending on what a company is looking to achieve long term, the financial assets they have now to achieve their growth and other goals are all subject to what the company is able to do with the finances and staffing they have. When a corporation is trying to decide whether or not they should grow, management will examine all aspects of the company to make sure they align with the growth plan.
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4. If you were to start a business, which ownership form would you choose? What factors might affect your choice? If I were to start a business, I would probably choose a limited liability company (LLC) as the ownership form and structure. An LLC is where the members within the company are not held personally liable for the company’s debts or liabilities. Think ownership form works well if you were to join forces an open up a business with a friend or family member. An LLC keeps the tax side of the business easier as allowing the individuals to be self-proprietors. When considering factors that may change this decision they would include: who I am going in business with, what I am in business for, my end goals, current goals and current financial status. </span>
3 0
4 years ago
Y he half glasses???
vovikov84 [41]

Answer:

because he needs to see.

Explanation:

but it is adorable, maybe he needed wider glasses to fit the width of his face? i.d.k he looks like a cool kid though.

3 0
3 years ago
On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of
polet [3.4K]

Answer:

Polo will report $318,750 as its investment in Stallion at December 31, 20X8

Explanation:

Common stock = $300,000 acquired at 75%

Net income = $40,000

Pay dividends = $10,000

Increase in value of Patent = $50,000    

Economic Life = 10    

Amortization = $5,000    

Therefore, the $ 5000 would be reduced from the net income.

Investments in Polo = $300,000 + [0.75 × (40000 - 10000 - 5000)]

= $300,000+ 0.75(25,000)  

= $300,000+ $18,750    

= $318,750    

7 0
3 years ago
Olga is the sales rep for ATV Communication Systems. She wants to bid on the RFP issued by Manitoba University for distance lear
Dmitriy789 [7]

Answer:

B. any experience with the product they wish to purchase

Explanation:

Since Manitoba University is completely new and that it do not have any information about the Communication system as of ATV.

As she wants to acquire the Manitoba bid she needs to provide thorough information and that the university is completely new, accordingly there is a clear demonstration required, for the service.

The university do not know the facts and is dealing in these things first time and because of that it is necessary.

Thus, correct option is statement B.

7 0
4 years ago
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