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inessss [21]
4 years ago
7

A stadium has two sponsorship deals. Deal A has revenue of $100,000 and expenses of $10,000. Deal B has revenue of $50,000 and e

xpenses of $20,000. What is the stadium's average profit as a percentage of revenue on these two deals?
Business
2 answers:
vladimir2022 [97]4 years ago
8 0

Profit can be found by subtracting revenue from expenses.

The profit for Deal A is $100,000 - $10,000 = $90,000

The average profit as a percentage of revenue for the stadium for Deal A is Average profit divided by revenue multiplied by 100. That is 90,000/100,000 x 100 is 90%

The profit for Deal B is $50,000 - $20,000 = $30,000

The average profit as a percentage of revenue for the stadium for Deal B is Average profit divided by revenue multiplied by 100. That is 30,000/50,000 x 100 is 60%

Stolb23 [73]4 years ago
8 0

((100,000 + 50,000) – (10,000 + 20,000)) / (100,000 + 50,000) =  80%

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ABC, LLC

Classified balance sheet as at December 31, 2020

                                                                                              $

ASSETS

Non - Current Assets

Land                                                                                 25,000

Total Non - Current Assets                                             25,000

Current Assets

Accounts Receivable                                                        3,000

Cash                                                                                 20,000

Total Current Assets                                                       23,000

TOTAL ASSETS                                                               48,000

EQUITY AND LIABILITIES

LIABILITIES

Non - Current Liabilities

Notes Payable (due in 5 years)                                      10,000

Total Non - Current Liabilities                                        10,000

Current Liabilities

Accounts Payable                                                            4,000

Salaries Payable                                                              5,000

Total Current Liabilities                                                   9,000

TOTAL LIABILITIES                                                         19000

EQUITY

Common Stock                                                                1,000

Preferred Stock                                                               8,000

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Retained Earnings                                                          7,000

Paid in Capital in Excess of Par - Common Stock       17,000

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