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
Lilit [14]
3 years ago
14

Even though many ballparks practice price discrimination between adults and children in selling tickets, such discrimination is

not applied at the concession stands because
Business
2 answers:
Digiron [165]3 years ago
8 0

Answer:

Price discrimination occurs when the same goods or services are charged by a company at different customer prices. Many types of price discrimination are illegal such as charging more for women's haircuts than men's haircuts. To be legal, it is necessary to justify the different prices charged to another group by the amount of effort required.

In that case, even if ballparks charge different prices for children than for adults, it is not often done at the concession stands because children can purchase cheaper tickets that later could be used by adults.

IRISSAK [1]3 years ago
3 0
Discrimination is not applied at the concession stands because there can be exchange of the product from children, who'd buy it at a lower price, to adults.
You might be interested in
On August 31, 2019, Montana Corporation signed a 4-year contract to provide services for Minefield Company at $30,000 per year.
masha68 [24]

Answer:

The answer is: Montana should recognize its revenue equally throughout the year as they provide their services.

Explanation:

The accrual basis of accounting recognizes revenue when earned. This means that Montana Corporation should recognize revenue when its service has been performed, regardless of when those services were paid. That means they should recognize revenue equally throughout the year (every month) as they provide their services.

8 0
3 years ago
Melinda signs a three year contract for employment as a legal studies lecturer. Does this type of contract fall within the scope
abruzzese [7]

Answer: Yes, because it is a contract whose terms prevent possible performance within one year

Explanation:

The Statute of Fraud mandates that certain contracts need to be written down. These contracts include the sale of land, amounts involving more than $500 and contracts that have a timeframe of over a year.

Melinda entered into a contract with terms that have to be fulfilled in more than a year. It is therefore under the Statute of Frauds.

3 0
3 years ago
The frequency distribution for the weekly incomes of students with part time jobs is listed below. Construct the corresponding r
galina1969 [7]

Answer:

I hope this helps

Explanation:

401-500 91

5 0
3 years ago
(Last Word) Fixed costs for a firm are analogous to: Group of answer choices starting out in a hole that represents economic los
IRISSAK [1]

Answer:

starting out in a hole that represents economic losses if the firm produces nothing.

Explanation:

Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Thus, they are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Some examples of fixed costs in business are loan payments, employee salary, depreciation, marketing costs, rent, insurance, lease, utilities, administrative cost, research and development costs, etc.

Furthermore, fixed costs may be relevant in a decision because it affects the amount of future cash-flow of a business entity.

Hence, the fixed costs for a firm are analogous to starting out in a hole that represents economic losses if the firm produces nothing. This simply means that, the firm is only using it money to fund the all of the necessary items or utilities required for the operation of its business but do not produce any goods or services. Simply stated, the firm is not generating any revenue as its produces nothing.

3 0
3 years ago
The Bloom Company issued stock for $51,500 cash on January 20, 2011. During 2011, the company recorded revenue on account of $18
Andru [333]

Answer:

$45,655

Explanation:

The computation of the amount change in cash for 2011 is given below:

= Issued stock for cash - expenses incurred for cash + cash received from account receivable - purchase value of land for cash

= $51,500 - $10,120 + $10,350 - $6,075

= $45,655

Simply we recognized that transactions that involves only cash transactions

7 0
3 years ago
Other questions:
  • Assume that you are a high-level manager for a shoe manufacturer. You know that your firm could increase its profit margin by pr
    9·1 answer
  • Most states do not allow automobile repair shops to hold a customer's car when the customer refuses to pay for repairs already c
    10·1 answer
  • Suppose the united states dramatically increases benefits for unemployed workers. explain what will happen to the natural rate o
    12·1 answer
  • Krepps Corporation produces a single product. Last year, Krepps manufactured 26,160 units and sold 20,900 units. Production cost
    13·1 answer
  • Compared to earning a four-year degree, a technical certification allows you to
    7·1 answer
  • Manson Industries incurs unit costs of $6 ($4 variable and $2 fixed) in making an assembly part for its finished product. A supp
    13·1 answer
  • Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following
    6·1 answer
  • when investors doubt the creditworthiness of a borrower, what should happen to the price and yield of a bond
    7·1 answer
  • I need help lol first day back and i am failing
    14·1 answer
  • 1. Who was Macbeth????????????​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!