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katrin [286]
3 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]3 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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Sidana [21]

Answer:

$67,600

Explanation:

income from operations = gross profit - operating expenses.

In this case, the income from operations = EBIT, it is not always that way because EBIT includes non-operating income, but in this case this doesn't exist.  

Sales Revenue 320,000

- Sales Discounts 9,400

<u>- Sales Returns & Allowances 43,000     </u>

Net sales = 267,600

<u>- Cost of Goods Sold 153,000                  </u>

gross profit = 114,600

- Advertising Expense 20,000

- Delivery Expense 7,600

- Insurance Expense 1,000

<u>- Rent Expense 18,400                              </u>

income from operations = 67,600

4 0
3 years ago
A company has the following annual budget data: Beginning finished goods inventory 53,000units Sales 83,000units Ending finished
Lunna [17]

Answer:

Total budgeted production costs $ 3378,000

Explanation:

Production Units= Ending Units + sales - Beginning Units

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Direct labor $25per unit *73000= $ 1825,000

Variable factory overhead $6per unit *73000= $ 438,000

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Total Manufacturing Costs $ 3378,000

Total Production Costs do not include Selling costs. Production costs include costs required to convert raw material into specific products. Selling costs are related to the sale of a product.

The production costs include the costs of manufacturing , FOH, direct materials and direct labor.

8 0
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<h2>Cost of goods sold of Baxter's Company = 3,06,000</h2>

Explanation:

Cost of goods sold = +Purchase + Direct Exp+ Opening Inventory  - Closing Stock

85,000 + 3,23,000 - 1,02,000 = 3,06,000

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Depends on the bank that issued your card. You might want to talk to your card issuer's customer support.

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Saving money is important because of you run in to a problem like your car breaking down you need to have money to fix it. Also saving money is important because you will able to do things like going on vacation. Investing is important because I one thing goes bad you still have other incomes coming in.

Hope this helps
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