Answer:
Soccer is a sport which gets majority of its revenue from television rights and tournament sponsors.
The Men’s World Cup tournament is known by the governing body, FIFA to generate more money than any other tournament. FIFA was believed to have earned more than $6 billion in its last organized men’s tournament.
This translates that the total revenue soccer brings in is in the region of hundreds of billions of dollars.
<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
The last one seems just right as it doesn’t fit into the budget industry
Answer:
B. This is a firm that sell highly differentiated consumer goods
Explanation:
This tends to explain monopolistic competition type of market in which many firms sell products that are similar but not identical. In this market there are many sellers or firms competing for the same group of customers. It is a market structure that lies between the extreme cases of competition and monopoly. Hence, many producer or firm uses advertisement to attract many customer and they spend large percentage of their profit on advertisement in order to control the larger part of customers in the market.
