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katrin [286]
4 years ago
7

High school football is arguably more popular in West Texas than in any other region of the country. During football​ season, sm

all towns seem to shut down on Friday nights as local high school teams take to the​ field, and for the following week the results of the games are the talk of each town.
Taking into consideration that many of these towns are one hundred or more miles away from any​ medium-sized or large​ cities, what might be an economic explanation for the extreme popularity of high school football in these small West Texas​towns?

A.Opportunity costs are relatively low.
B.Only a small share of household budgets are expended on the games.
C.Few entertainment substitutes are available.
D.All of the above are plausible.
E.A and B only.
Business
1 answer:
Furkat [3]4 years ago
8 0

Answer:

The answer is D. All of the above are plausible

Explanation:

A. Opportunity costs are relatively low is reasonable because as football game is taking place, most of the local people will go to the field to enjoy the field rather than spending their time at local shops/restaurants. Moreover, there are not many people from other towns visiting these facilities because of far distance.

B. is reasonable because it is high school football not professional football so the expenses spent on watching the game is low.

C. is is plausible because these towns are quite remote so watching their young neighbors/relatives playing may be one of the few entertainment choices available to them in weekend.

=> So, the answer is D.

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Michael had a severe hearing impairment and worked as the supervisor of a fast food restaurant. Michael’s manager and the human
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Answer: The correct answer is "C) giving up rather than standing up to the boss as required by law.".

Explanation: This is a situation of: <u>giving up rather than standing up to the boss as required by law.</u>

Michael should have sued his boss before the law so that he could instead be compensated for the bad treatment and discrimination and also collect unemployment compensation in the event that the employment relationship is terminated.

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3 years ago
The Benchmark Prediction estimates unit sales assuming your product competes with a standardized, mediocre playing field. It doe
ladessa [460]

The given statement " The Benchmark Prediction estimates unit sales assuming your product competes with a standardized, mediocre playing field. It does not use your actual competitors products. It is useful for experimenting with price, promo and sales budgets. It is useless for forecasting " is TRUE.

Explanation:

The Benchmark Prediction predicts unit sales if your company is in competition with a normal mediocre sector. It doesn't use the goods of your current competitors. This is useful for testing the budgets for prices, promotions and sales. For analysis, it is unnecessary.

Benchmark prediction somehow provides you with the idea whether decisions are good or not. Any choices in R&D and the benchmark prediction go down and make bad choices if they go up and go well for you.

8 0
3 years ago
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for th
vlabodo [156]

Answer:

Via Gelato

Revenue and Spending Variances  For the Month Ended June 30 :

                                        Budget         Actual          Variances

Units sold                         6,200          6,400           200 Favorable

Revenue                          $179,200     $171,540       $7,660 Unfavorable

Expenses :

Raw materials                 $40,000      $40,530        $530 Unfavorable

Wages                             $26,400       $26,300       $100 Favorable

Utilities                            $14,750        $15,000        $250 Unfavorable

Rent                                 $4,200         $4,200           $0 Neither

Insurance                        $2,950         $2,950           $0 Neither

Miscellaneous                $13,290       $12,890          $400 Favorable

Total expense                $101,590      $101,870         $280 Unfavorable

Net operating income  $77,610       $69,670         $7,940 Unfavorable

Explanation:

a) Revenue budget = $28 x 6,400 = $179,200

b) Wages budget = $7,200 + $3.00 x 6,400 = $26,400

c) Utilities budget = $3,230 + $1.80 x 6,400 = $14,750

d) Miscellaneous = $810 + $1.95 x 6,400 = $13,290

These flexible budgets were calculated for Via Gelato since it measures its activity in terms of the total number of liters of gelato sold.  To obtain variances, items are compared on like terms.

3 0
4 years ago
Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as neede
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Answer:

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Explanation:

Current ROI =  Net operating Income/Average Operating Assets

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Assume manager of the club reduce expenses by $3,400 and variables remained unchanged.

New Net Operating Income = $25,500 + $3,400

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Hence, New ROI = ($28,900/100,000) *100%

                            =28.9%

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3 years ago
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