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Musya8 [376]
3 years ago
15

Scenario 15-6 The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fa

ns and casual fans. For a particular WaR 2 Loud concert, there are 1,000 die-hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats available at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc.
Refer to Scenario 15-6. How much additional profit can the concert promoters earn by charging each customer their willingness to pay relative to charging a flat price of $50 per ticket?
Business
1 answer:
makvit [3.9K]3 years ago
8 0

Answer:

$25000

Explanation:

The profit can be calculated using he following formula:

Profit = Sales - Expenses

Here

Expenses are $50,000 and

Sales are $50 per ticket with 1500 customers

So the total sales would be $75,000 ($50 per ticket * 1500 customers).

So by putting values in the above equation, we have:

Profit = $75,000 - $50,000 = $25,000

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Ms. Claggett is sixty-six (66) years old. She has been covered under Original Medicare for the last six years due to her disabil
umka2103 [35]

What should you tell her about how the Part D Initial Enrollment Period applies to her situation is: Part D occurs 3 months prior and 3 months after the month a beneficiary meets the requirements for Part B.

<h3>What is Part D plan?</h3>

Part D plan can be defined as a Medicare plan that help to cover drugs prescription of  those under the plan

Based on the scenario you should tell her that  Part D Initial Enrollment Period start  3 months prior and 3 months after the month when a beneficiary  of the plan meets the eligibility or necessary requirements for Part B plan.

Hence,  she cannot be able to use it as a form of  justification for enrolling in a Part D plan now.

Learn more about Part D plan here:brainly.com/question/24324023

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3 0
2 years ago
During the year, Lillie rented her vacation home for three months and spend one month there. Gross rental income from the proper
77julia77 [94]

Answer:

$8,100

Explanation:

The home was rented for more than 14 days, you must pay taxes for the rental income

Since Lille used the house for more than 15 days herself, limits her deduction. The home cannot be treated as rental home nor personal use vacation home.

total days used = (30 x 3) + 30 = 120 days

rental days = 90/120 = 75% (this doesn't apply to mortgage interest nor real estate taxes, they are still 100% deductible)

mortgage interest and real estate taxes still qualify as personal expenses = $3,000 + $1,500 = $4,500

utilities and depreciation will be deducted only 75% = ($800 + $4,000) x 75% = $3,600

total deductions = $4,500 + $3,600 = $8,100

7 0
3 years ago
How does SEO impact the way that marketers write their ads?
Olegator [25]

Answer:

It enhances the marketing scopes and magnifies to reach for a particular brand by attracting an increasing number of potential users

3 0
2 years ago
Read 2 more answers
Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment. Foreign Dir
Fudgin [204]

Answer:

Foreign Direct Investment - Opening a retail store in a foreign country

Foreign Portfolio Investment  - Buying bonds issued by a foreign government

false

Explanation:

Foreign direct investment can be described as when a firm or an individual in one country makes an investment in a business interest in another country.

Foreign direct investment usually takes two form :

  1. the investor sets up a business in the foreign country
  2. the investor acquires foreign assets in the foreign country.

An example is when a US firm establishes a new business in another country.

foreign direct investment usually requires a lot of active management. As a result, an individual might not have the capacity or resources to effectively manage an FDI when compared with a corporation

Foreign Portfolio Investment is when an investor in one country purchases financial assets in another country.

For example, a resident of the US purchases bonds in Ghana

7 0
3 years ago
Hercules Company purchased a computer for $3,600 on Dec 1. It is estimated that annual depreciation on the computer will be $720
masha68 [24]

Answer:

Explanation:

Depreciation : Depreciation is a decrease value of the fixed assets due to wear and tear, obsolesce, etc.

In the given question, the accumulated depreciation is $720 and the asset is purchase on Dec 1 with $3,600 value

So on the date of December 31, the adjusted value would be

= $720 × 1 ÷ 12 months

= $60

As on December 1 the asset is purchased , and we have to prepared the financial statement on December 31 . So, from December 1 to December 31, it has 1 month which is not yet recorded.

Hence, the adjusted entry would be :

Deprecation Expense A/c Dr $60

    To Accumulated Depreciation A/c  $60

(Being adjusted entry recorded)

8 0
3 years ago
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