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Goryan [66]
3 years ago
10

A university is trying to determine what price to charge for tickets to football games. at a price of ​$30 per​ ticket, attendan

ce averages 40 comma 000 people per game. every decrease of ​$5 adds 10 comma 000 people to the average number. every person at the game spends an average of ​$5.00 on concessions. what price per ticket should be charged in order to maximize​ revenue? how many people will attend at that​ price?
Business
1 answer:
sammy [17]3 years ago
3 0

Xmax = -44545.45 / -363.63 = 122.50

^ are there any options or you have to type in the answer?

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Casey Motors recently reported net income of $55 million. The firm's tax rate was 40.0% and interest expense was $19 million. Th
nadezda [96]

Answer:

$31.76 million

Explanation:

Economic Value Added is the residual wealth left for shareholders after having accounted for the financing needs of the company as shown by the formula below:

EVA=NOPAT-(WACC*invested capital)

NOPAT is the net operating profit after tax =operating profit(EBIT)*(1-tax rate)

Net income=Earnings before tax*(1-tax rate)

net income= $55 million

EBT=unknown

tax rate=40.0%

$55=EBT*(1-40.0%)

$55=EBT*0.60

EBT=$55/0.60

EBT=$91.67

EBIT=EBT+interest

EBIT=$91.67+$19

EBIT=$110.67

NOPAT=$110.67*(1-40%)

NOPAT=$66.41

WACC=9.0%

perating capital employed=$385

EVA=$66.41-(9.0%*$385)

EVA=$31.76 million

operating capital em

3 0
3 years ago
What two elements do you need to know in order to gauge whether your post-college debt will be affordable?
icang [17]

The two elements we need to know in order to gauge whether your post-college debt will be affordable are given below.

  • Amount owed
  • Future income

Debt entails borrowing money directly, while equity means selling a stake in your company in the hopes of securing economic backing. Both have professional and cons, and many companies pick to use an aggregate of the two financing answers.

Debt approaches the quantity of money which needs to be repaid lower back and financing manner offering price range for use in commercial enterprise sports. A crucial characteristic in debt financing is the reality that you aren't losing ownership of the corporation.

Debt is something owed by way of one party to every other. Examples of debt include amounts owed on credit score cards, car loans, and mortgages.

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8 0
2 years ago
Inferring Transactions from Financial Statements
denpristay [2]

Gap's cost of goods sold is $10,258 million and Cash paid to supplier is $10,447 million.

Let understand that Cost of good sold refers to amount of expenses incurred to produce the goods produced by a firm.

  • The formulae for deriving the Cost of Goods Sold is {Beginning Inventories + Purchases – Ending Inventories}.

  • Information given are <em>Purchased inventories $10,392, Ending inventories $2,131 and Beginning inventories $1,997</em>

<em />

Cost of goods sold = $1,997 + $10,392 - $2,131

Cost of goods sold = $10,258

  • In conclusion, the amount of Gap's cost of goods sold is $10,258

Let understand that Cash paid to accounts payable refers to net amount paid to supplier of goods.

  • The formulae for deriving the Cash paid to accounts payable is  Beginning balance for 2015 + Purchases - Ending balance for 2015

Cash paid to accounts payable = $1,181 + $10,392 - $1,126

Cash paid to accounts payable = $10,447

  • In conclusion, the amount of Gap's Cash paid to supplier is $10,447

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6 0
2 years ago
Identify 3 challenges Bricks Construction may encounter when trying to implement their corporate social investment plan in the l
adelina 88 [10]
The right answer for the question that is being asked and shown above is that: "Bricks Construction might not have enough funds to implement a project int he community. It also includes the employees' difficulty in managing the program. Because of this, it will be a difficult to sustain most especially economic's downside."
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8 0
3 years ago
At the beginning of the current period, Larkspur Corp. had balances in Accounts Receivable of $202,700 and in Allowance for Doub
BabaBlast [244]

Answer:

a) Entries to record sales and collections during the period will include:

1) Debit Accounts Receivable with $744,100 and Credit Sales Account with $744,100.

2) Debit Cash Account with $829,950 and Credit Accounts Receivable with $829,950.

b) Entry to record the write-off of uncollectible accounts include:

1) Debit Bad Debts Account with $7,798 and Credit Accounts Receivable with $7,798.

c) Entries to record the recovery of the uncollectible account during the period will include:

1) Debit Cash Account with $2,979 and Credit Accounts Receivable with $2,979.  

2) Debit Accounts Receivable with $2,979 and Credit Bad Debts Recovering Account with $2,979.

d) Entry to record bad debt expense for the period will include:

1) Debit Bad Debt Expense Account with the difference between $26,820, and $9,200.  This equals $17,620.  And credit the Allowance for Doubtful Account with $17,620.

Explanation:

a) Net Sales increase the Sales account and the Accounts Receivable with the same amount on the credit and debit sides respectively to complete the double entry.

b) Collections from customers will reduce the Accounts Receivable and increase the Cash balance.

c) Any bad debt deemed uncollectible is written off to Bad Debts Account while the Accounts Receivable is reduced by the same amount.

d) When a previously written-off uncollectible is recovered, the Cash balance increases and the Customer's Account reduces.  In order to record the transaction properly, there is a reversal of the previously written-off uncollectible in the Accounts Receivable with a Bad Debt Recovery Account opened.

e) For Allowance for Doubtful Accounts, there is a comparison between the beginning balance and the closing balance or estimate to capture the increase or decrease.

4 0
3 years ago
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