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Irina-Kira [14]
3 years ago
11

A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $30

0,000 in parking revenue and the stadium parking lot is full already with 12,000 cars, how many fans would have to park in satellite lots to make the revenue goal?
Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer:

12,000

Explanation:

The aggregate amount of revenue of the stadium is $300,000 from which they have $180,000 from the stadium parking lot which has 12,000 cars inside it. So, it is $12,000 × $15 is equal to $180,000.

So, remaining will be

= $300,000 - $180,000

= $120,000

This amount needed for attaining the revenue.

So, from satellite, they revenue of $120,000. So, the number required to make it this amount is computed as:

= $120,000 / Rate of parking

= $120,000 / $10

= 12,000

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Read 2 more answers
Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciati
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Answer:

equipment    3,700

Explanation:

First we calcualte the values of the machine given up:

<u>traded-out assets</u>

purchased  23000

depreciation <u>20,000 </u>

book value   3,000

fair value   5,000

gain on disposal   2,000

This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.

Value given up forthe new equipment:

cash                   700

traded-out        <u>5,000 </u>

total value         5,700

We subtract the deffered gain on disposal to get the accounting value for the new equipment:

deferred gain       (2,000)

accounting value 3,700

The machine will enter the accounting with 3,700

journal entry

equipment    3,700

acc del        20,000

   equipment            23,000

  cash                             700

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